In the case of government bonds, a 20 percent final withholding tax (FWT) is generally imposed on the interest income of a non-resident investor. A lower rate may be claimed by the non-resident under ...

On the sidelines of the International Tobacco Agricultural Summit, Lumagui said that if a moratorium is imposed, the government must recalibrate its revenue projections for tobacco excise tax ...

Bureau of Internal Revenue Bldg in BIR Road, Quezon City (Photo by Patrick Roque via Wikimedia Commons CC BY-SA 4.0) THE upcoming elections could delay the passage of key tax reform measures ...

when obtaining a “Certificate of Tax Exemption” (CTE). The BIR, through Revenue Memorandum Circular (RMC) 124-2020, stated that the TIN requirement is based on a provision of the National ...

The state government has revised the green tax rates for vehicles entering Billing, the world-famous paragliding destination in Kangra district. Known for hosting the International Paragliding ...

The Bureau of Internal Revenue (BIR) on Wednesday said it is expecting that its tax collection target for 2024 set by the Marcos administration’s economic managers will be exceeded for the first time ...

MANILA, Philippines — The Bureau of Internal Revenue (BIR) confirmed on Thursday a decrease in excise tax collection from 2021 to 2024, leading to a revenue loss of P40 billion over the period.

THE Bureau of Internal Revenue (BIR) is expecting further growth in collections in 2025, assuming that Congress passes a number of stalled tax bills. “We are doing a lot to improve our efficiency and ...

Perkins filed a complaint against the BIR and Department of Finance on May 16, seeking an income tax refund of $1.14 million.

The tribunal referred to the Delhi High Court decision in the case of Tiger Global and held that the tax residency certificate (TRC) issued by a competent authority has to be accepted. | ...

introducing thresholds for tax residency certificates, relaxing norms for Form 10F, facilitating tax payments and refunds, and easing e-verification processes are suggested measures.

The Union Budget 2025 introduces stricter tax rules for Non-Resident Indians (NRIs), including students and young professionals abroad. Key changes include enhanced scrutiny of foreign income ...