Latest news with #BureauofInternalRevenue
Filipino Times
3 days ago
- Business
- Filipino Times
BIR now offers free Digital TIN ID via online registration system
Taxpayers can now apply online for a Digital Taxpayer Identification Number (TIN) ID, eliminating the need to visit a Bureau of Internal Revenue (BIR) office in person. The electronic version of the traditional TIN ID is available through the BIR's Online Registration and Update System (ORUS), as announced in Revenue Memorandum Circular No. 120-2023 dated November 29, 2023. This initiative is part of BIR's push to provide more convenient and contactless services. The Digital TIN ID may be used as a valid reference document for transactions with government agencies, local government units, employers, banks, and other institutions. The ID contains a photo, the Taxpayer Identification Number, designated Revenue District Office, full name, date of issuance, and a QR code for information validation. How to get your Digital TIN ID: Create or log in to your account at access the 'Get your Digital TIN ID' section, and upload a 1×1 photo (white background, no border, front-facing, both ears visible, neutral expression). Once all information is verified, click to generate the Digital TIN ID. The BIR emphasized that the Digital TIN ID is free of charge and not for sale. It also warned against availing services from online sellers offering assistance, as this may result in receiving invalid or fake TIN IDs. All individual taxpayers with an existing TIN, even without a physical ID card, are eligible to apply. As of now, the BIR website notes that the system is temporarily unavailable due to migration activities. Users are advised to check back regularly for updates.
GMA Network
30-05-2025
- Business
- GMA Network
BIR surpasses April 2025 tax collection target
The Bureau of Internal Revenue (BIR) said on Friday that it has collected P1.111 trillion - net of tax refund - as of April 2025, exceeding its target for the period by ? 7.045 Billion. The BIR said the collection is higher by 14.50% or P140.695 billion compared to the collections made in the same period last year. The P1.111 trillion collections made as of April this year represents over 35% of the P3.232 trillion tax collection target for 2025, which is higher by 13.36% or ? 380.871 Billion than the calendar year 2024 actual collection. BIR Commissioner Romeo Lumagui Jr. attributed the rise in collection to the bureau's intensified campaign against fake receipts and the digitalization of its services. 'With the intensification of the Bureau's tax enforcement activities, specifically on the campaign against sellers and buyers of fake receipts, and with the continuous streamlining and digitalization of the BIR's core services, we hope to encourage all non-compliant taxpayers to comply fully with the provisions and requirements of the tax laws so we can attain, and even surpass, our annual collection target this year', he said in a statement. For 2025, the BIR is aiming to collect a record-high P3.23 trillion in revenues, a mid-double digit growth from its actual collection of P2.848 trillion in 2024. — BAP, GMA Integrated News
GMA Network
27-05-2025
- Business
- GMA Network
PH, Hong Kong begin talks on double taxation avoidance
The Philippines and Hong Kong have begun the initial round of negotiations for the Comprehensive Avoidance of Double Taxation Agreement (DTA). In a statement on Tuesday, the Bureau of Internal Revenue (BIR) said Commissioner Romeo Lumagui Jr. led the Philippine Negotiating Panel in the initial round of talks for the DTA with the Hong Kong Special Administrative Region (SAR). The Hong Kong SAR delegation was headed by Lumagui's counterpart, Inland Revenue Department Commissioner Benjamin Chan Sze-wai. The initial round of DTA negotiations was held from May 21 to 23, 2025, at the Inland Revenue Centre in Kowloon, Hong Kong. The BIR said three-day discussions reaffirmed the Philippines' commitment to strengthening international tax cooperation, fostering economic partnerships, and ensuring fair and equitable taxation on cross-border income. The Bureau of Internal Revenue (BIR) said Commissioner Romeo Lumagui Jr. and Hong Kong SAR Inland Revenue Department Commissioner Benjamin Chan Sze-wai. Photo from BIR 'We recognize the importance of the DTA in fostering economic growth, promoting investment, and providing clarity for businesses and individuals operating in both jurisdictions. The BIR is open to all international discussions that aims to promote the economic situation of all parties. We are here to find a win-win solution for all our international partners,' said Lumagui. The taxman said the inaugural round of negotiations saw both the Philippine and Hong Kong sides 'engage in constructive discussions and exchange views on key provisions of the proposed treaty,' which included mechanisms to prevent double taxation, tax relief measures, and frameworks for mutual cooperation between the two tax authorities. 'These matters require further deliberation to reach a comprehensive and equitable outcome that serves the best interests of both the Philippines and Hong Kong,' said Lumagui. The BIR said the Philippine and Hong Kong SAR negotiating panels have agreed to hold a second round of negotiations at a mutually convenient date to resolve outstanding issues and finalize the agreement. —VAL, GMA Integrated News
GMA Network
23-05-2025
- Business
- GMA Network
BIR commissioner tenders courtesy resignation
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. on Friday announced he is stepping down from the helm of the state's main tax collection agency after Cabinet-level and secretary-ranked officials tendered their courtesy resignations amid President Ferdinand Marcos Jr.'s sweeping Cabinet revamp. READ: Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. also tenders his courtesy resignation, although the President's call was only for Cabinet members and secretary-ranked officials. @gmanews — Ted Cordero (@Ted_Cordero) May 23, 2025 'I fully support the call of President Ferdinand Marcos Jr. for accountability in public service,' Lumagui said, adding that he wholeheartedly believes in Marcos' challenge 'to realign government with people's expectation.' 'This call for accountability shows the commitment of the President to establish a government that serves the people.' 'As such, I am tendering my courtesy resignation as the Commissioner of Internal Revenue in order to give the Chief Executive a free hand in evaluating my performance in pursuit of further improving public service under his Administration,' the BIR chief said. Lumagui's announcement came on the heels of Executive Secretary Lucas Bersamin's announcement of the latest changes in the Marcos Cabinet. Notably, his boss Finance Secretary Ralph Recto along with other members of the economic team —Trade Secretary Cristina Roque, Economy, Planning, and Development Secretary Arsenio Balisacan; Budget Secretary Amenah Pangandaman, and Special Assistant to the President for Investment and Economic Affairs Frederick Go— were retained by the President. 'Akin pong pinasasalamatan ang ating mahal na Pangulong Bongbong Marcos sa aking pagkakatalaga bilang pinuno ng BIR. Hangad ko at aking ipagdarasal sa Poong Maykapal ang tagumpay ng ating Pangulo na maitaas pa ang antas ng pamumuhay ng lahat ng mga Pilipino,' Lumagui. (I thank President Bongbong Marcos for appointing me as chief of the BIR. It is my desire and prayer to the Almighty that the President succeeds in elevating the lives of every Filipino.) –NB, GMA Integrated News
Filipino Times
26-03-2025
- Business
- Filipino Times
PH implements VAT refund for foreign tourists
Philippine officials signed the implementing rules and regulations (IRR) for the VAT Refund for Non-Resident Tourists, allowing foreign tourists to claim a refund on value-added tax for goods purchased at accredited stores in the Philippines. The refund applies to purchases worth at least P3,000, provided the items are taken out of the country within 60 days. The IRR was signed by Finance Secretary Ralph Recto, Bureau of Customs Commissioner Bienvenido Rubio, and Bureau of Internal Revenue Deputy Commissioner Marissa Cabreros, with Tourism Secretary Christina Garcia-Frasco and Presidential Assistant for Investment and Economic Affairs Secretary Frederick Go in attendance. 'We want more tourists to come — and we want them to stay longer, spend bigger, and transact with convenience,' said Recto during the ceremony. The Department of Finance (DOF) will partner with internationally recognized VAT refund operators for seamless processing, with refunds available electronically or in cash. Recto emphasized that increased spending by tourists would boost economic output and create more jobs, benefiting businesses, workers, and government revenues. This initiative follows the signing of Republic Act 12079 last December by President Ferdinand 'Bongbong' Marcos Jr., aimed at enhancing the Philippines' appeal as a global shopping destination. Recto concluded, 'We'll be the one ultimate tourist destination they'll keep coming back to.'
