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CTA stops BIR from collecting P172 million back taxes from bakeshop company due to technicality

Court of Tax Appeals (MANILA BULLETIN) The BIR’s Large Taxpayers Service (LTS) said Red Ribbon Bakeshop had under declared its purchases in 2009, thus cutting income and value-added tax payments. The court’s Third Division, however, voided the assessment as the LTS did not follow the procedure prescribed by Revenue Memorandum Order 43-90 on how an audit should be conducted. The guideline which implemented Section 6 of the Tax Code requires revenue officers to first secure a non-transferable Letter of Authority (LA) to investigate duly signed by the authorized representative of the BIR commissioner before he can look into the books of accounts of a taxpayer.

Third divisionBureau of internal revenueLetter of authorityLarge taxpayers serviceTax appealsInternal revenueTaxpayers serviceRed ribbon bakeshopRevenue memorandum orderTax codeமூன்றாவது பிரிவுபணியகம் ஆஃப் உள் வருவாய்கடிதம் ஆஃப் அதிகாரம்பெரியது வரி செலுத்துவோர் சேவைவரி முறையீடுகள்உள் வருவாய்

BIR chief to implement reshuffle

Commissioner Caesar Dulay of the Bureau of Internal Revenue has vowed to reshuffle key field officials as ordered by President Duterte "to remove the remaining bad tomatoes in the service."

Caesar dulayBureau of internal revenueLarge taxpayers serviceCommissioner caesar dulayInternal revenuePresident duterteசீசர் துழாய்பணியகம் ஆஃப் உள் வருவாய்பெரியது வரி செலுத்துவோர் சேவைஆணையர் சீசர் துழாய்உள் வருவாய்

BIR large taxpayers unit collects P1 4T, tops goal by P135 B – Manila Bulletin

Published December 31, 2020, 5:30 AM The leading tax collection unit of the Bureau of Internal Revenue (BIR) has surpassed by a big margin its collection assignment as it garnered P1.4 trillion of December 22, 2020. Revenue Assistant Commissioner Manuel Mapoy, head of the Large Taxpayers Service (LTS), said the take was P135.5 billion higher than the goal of P1.2 trillion for 2020. (MANILA BULLETIN) The LTS exclusively handles the investigation of the country’s 3,000 top corporations including multinationals and inter-related companies. Mapoy said the remarkable fate was achieved through relentless audit of financial statements and other tax returns. He said many individuals and companies availed themselves of the current tax amnesty on delinquencies program to avoid investigation and pay interest and surcharges for deficiencies found during probe.

Manuel mapoyBureau of internal revenueDevelopment budget coordination committeeLarge taxpayers serviceInternal revenueAssistant commissioner manuel mapoyபணியகம் ஆஃப் உள் வருவாய்வளர்ச்சி பட்ஜெட் ஒருங்கிணைப்பு குழுபெரியது வரி செலுத்துவோர் சேவைஉள் வருவாய்

Another chance to avail of TAD and VAPP

Another chance to avail of TAD and VAPP
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

Quezon cityDaryl matthewSupreme courtLarge taxpayer service or regionalBureau of internal revenueCatholic filipinosInternal revenueRepublic actRecover as one actRevenue regulationsAssistant commissionerLarge taxpayer serviceRegional directorFinal assessment noticeRevenue memorandum circularகயீஸந் நகரம்

DOF extends tax amnesty deadlines

DOF extends tax amnesty deadlines
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.

Quezon cityAntonette tionkoBureau of internal revenueLarge taxpayer serviceRevenue operations groupPayment programTax amnestyVoluntary assessmentRevenue regulationsRepublic actRecover as one actInternal revenueOperations groupகயீஸந் நகரம்பணியகம் ஆஃப் உள் வருவாய்பெரியது வரி செலுத்துவோர் சேவை