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BIR collection barely exceeds target in Feb.

BIR collection barely exceeds target in Feb.
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.

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BIR projecting weak POGO revenue in 2021

BusinessWorld
March 4, 2021 | 8:03 pm
THE Bureau of Internal Revenue (BIR) projected collections of P3.92 billion from Philippine Offshore Gaming Operators (POGOs) in 2021, based on the industry’s weak tax yield in January.
BIR Deputy Commissioner Arnel SD. Guballa said January collections from the embattled industry, which has been exiting the Philippines, amounted to P372 million, down 68.63% from a year earlier.
“The total projection for POGO revenues for taxable year 2021, our projection is P3.92 billion based on January voluntary payments,” Mr. Guballa told the Senate Ways and Means Committee.
“So the (full-year) amount is based on the January actual collection multiplied by 12 months,” he added. ....

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PHL, Russia set another meeting on tax digitization

PHL, Russia set another meeting on tax digitization
BusinessWorld
3/4/2021
© Provided by BusinessWorld
THE Bureau of Internal Revenue (BIR) is set to meet again with its Russian counterparts this month to seal a partnership that will help the Philippines digitize its tax administration.
Russia’s revenue agency, the Federal Tax Service (FTS), has expressed its willingness to support the Philippines in automating digitizing tax administration, the Department of Finance (DoF) said in a statement Thursday, citing BIR Deputy Commissioner Arnel SD. Guballa.
The FTS and the BIR met on Jan. 13 via Zoom to discuss best practices in tax administration and compliance. ....

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BIR tobacco tax take ahead of 2020 pace after JTI expansion

BIR tobacco tax take ahead of 2020 pace after JTI expansion
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.

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