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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BIR issued RMC 100-2026 implementing tax suspensions on LPG and kerosene after Dubai crude prices exceeded the $80 threshold under EO 125.
· 1 MIN READ
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 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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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 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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The Bureau of Internal Revenue (BIR) flagged 25 of 65 gasoline stations tested during the first three days of its large-scale Fuel Marking enforcement drive…
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The Bureau of Internal Revenue has expanded the list of VAT-free medicines to 2,277, adding drugs for cancer, diabetes, tuberculosis, hypertension, high…
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