BIR suspends excise taxes on LPG and kerosene amid high crude oil prices
BIR issued RMC 100-2026 implementing tax suspensions on LPG and kerosene after Dubai crude prices exceeded the $80 threshold under EO 125.
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Latest Daily Tribune news and analysis on BIR VAT refund processing period 90 days.
BIR issued RMC 100-2026 implementing tax suspensions on LPG and kerosene after Dubai crude prices exceeded the $80 threshold under EO 125.
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The BIR renewed the suspension of excise taxes on LPG and kerosene after Dubai crude prices exceeded the $80-per-barrel threshold under Philippine law.
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The BIR released P23.67 billion in tax refunds from January to September 2026, up 90.6 percent from the same period last year.
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The BIR is piloting a digital document tracking system to monitor records, strengthen accountability and reduce the risk of misplaced documents across its…
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The BIR requires covered taxpayers to adopt electronic invoicing by December 31, 2026, under new implementing rules, while micro taxpayers remain exempt.
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The BIR has issued rules requiring covered taxpayers to adopt electronic invoicing by Dec. 31, 2026, as part of the digitalization of tax administration.
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The BIR has approved 5,000 applications under its micro taxpayer abatement program, covering P84.51 million in tax liabilities and penalties.
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The BIR seized illicit vape products and uncovered P1.54 billion in estimated tax liability during a nationwide crackdown on tax violations and noncompliant…
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‘For consumers, the practical effect is straightforward: Once the new rules become effective, VAT will no longer be imposed on the allowable system loss…
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The BIR has removed VAT on the allowable system loss charge within the ERC-approved cap, a move expected to lower covered electricity charges for consumers.
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Qualified export-oriented enterprises may claim refunds for VAT incurred while awaiting zero-rating certification, provided they met the 70-percent export…
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The BIR clarified VAT refund eligibility for export-oriented enterprises during the transition to the new zero-rating certification system.
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The BIR and IMF are strengthening the Philippines’ tax compliance system through data-driven risk management, focusing on high-risk sectors and improving…
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The Bureau of Internal Revenue (BIR) and the International Monetary Fund (IMF) are working to strengthen the agency’s Compliance Risk Management (CRM) system…
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The BIR clarified that qualified export-oriented enterprises may claim VAT refunds for eligible purchases and importations incurred while awaiting zero-rating…
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The BIR clarified that qualified export-oriented enterprises may claim VAT refunds on eligible purchases and imports made while awaiting zero-rating…
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Electricity consumers could see lower power bills as the BIR moves to remove VAT from allowable system loss charges classified as government-mandated…
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