The Department of Finance (DOF) has publicly asked Cavite Fourth District Rep. Francisco Barzaga to cease disseminating "fake news" regarding a supposed plan to...
Department of Finance (DOF) Secretary Ralph Recto warned on Thursday that proposals to lower the value-added tax (VAT) rate could severely damage government finances,...
The Bureau of Internal Revenue (BIR) tapped Land Bank of the Philippines to create the Value-Added Tax on Digital Services (VDS) Portal.
The platform will...
THE Bureau of Internal Revenue (BIR) on Monday announced that ten additional medicines for cancer, diabetes, high cholesterol, hypertension, and mental illness have been...
The Bureau of Internal Revenue (BIR) has exempted nine more medicines from value-added tax (VAT), it said in a circular dated June 11, 2025.
Revenue...
The Bureau of Internal Revenue (BIR) said it streamlined the documentary requirements for value-added tax (VAT) refund claims, in line with the CREATE MORE...
The Supreme Court on Wednesday clarified the prescriptive periods for filing value-added tax (VAT) refund claims with the Commissioner of Internal Revenue (CIR).
In CIR...
Filipino workers and students may soon see relief from high utility costs as Senator Francis Tolentino filed Senate Bill 2970 to exempt electricity and...
Bureau of Internal Revenue Commissioner Romeo Lumagui, Jr. issued on Dec. 3, 2024 Revenue Memorandum Circular No. 131-2024 exempting from value added tax certain...
Senator Sherwin Gatchalian is calling on drugstores and retailers to prioritize the availability of medicines exempt from value-added tax (VAT).
“Drugstores and retailers must ensure...
The Department of Trade and Industry (DTI) said Wednesday it supports Republic Act (RA) No. 12023, a landmark legislation that imposes a 12-percent value-added...
