BIR to automatically encash tax credits unutilized for a year

BIR to automatically encash tax credits unutilized for a year

The Bureau of Internal Revenue (BIR) will automatically convert unused tax credit certificates (TCCs) into cash after a year to allow the government to better capture actual tax collections. Published on Friday, the BIR’s Revenue Regulations (RR) No. 14-2020 signed by Finance Secretary Carlos G. Dominguez III and Internal Revenue Commissioner Caesar R. Dulay amended […]
BIR allows tax payments in banks until June 14

BIR allows tax payments in banks until June 14

The Bureau of Internal Revenue (BIR) is allowing taxpayers to settle their dues outside their revenue district office (RDO) until June 14. To comply with the deadline for 2019 income tax returns, Internal Revenue Commissioner Caesar Dulay said taxpayers could “file...