BIR confiscates P1.2B worth of counterfeit cigarettes, tax stamps

Raids conducted by the Bureau of Internal Revenue’s (BIR) “strike team” against the illicit trade of cigarettes have already yielded over P1.2 billion in counterfeit sticks and fake tax stamps at a time when the government needed more revenues to finance its COVID-19 response. BIR Deputy Commissioner Arnel S.D. Guballa told the Inquirer they confiscated […]

DTI wants tax perks included in Bayanihan 2

The Department of Trade and Industry (DTI) wants the Bayanihan 2 bill to include tax perks that would encourage businesses to keep at least 90 percent of their workforce, a copy of the agency’s letter to the House of Representatives read. It remains to be seen,...

Local makers of PPEs seek tax breaks

A group of companies that repurposed their plants to make personal protective equipment (PPE) for health care workers is now asking the government for help, as they struggle against the influx of imported PPEs. The newly formed Confederation of Philippine...