President-elect Ferdinand “Bongbong” Marcos Jr. has named his incoming administration’s chiefs of the Bureau of Internal Revenue and the National Intelligence Coordinating Agency.
The camp of President-elect Ferdinand "Bongbong" Marcos, Jr. has revealed nominees for two top posts in the Bureau of Internal Revenue (BIR), which is undoubtedly among the agencies that must perform well if the country is to get its economic bearings back.
President-elect Bongbong Marcos (BBM Me
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MANILA-The Court of Tax Appeals (CTA) has turned down the government's appeal in connection with a PHP1.8 million tax case involving a contractor of the Philippine Amusement and Gaming Corp. (PAGCOR). This, after the tax court noted that revenue officers who handled the case were not the same ones named in the original letter of authority (LoA) to examine the company's books. In its 24-page decision promulgated June 9, the CTA denied for lack of merit the petition filed by the Commissioner of Internal Revenue and affirmed the tax court's second division's ruling on the case of Bicyclepoker Inc. The CTA set aside the formal letter of demand and final decision on disputed assessment issued by revenue officials on August 2018 assessing the company's supposed taxes due in 2014. The assessment were made under an LoA issued on May 17, 2016 by Revenue Region No. 4 Regional Director Jethro M. Sabariaga authorizing revenue officer (RO) Jonathan Miranda and Group Supervisor (
MANILA -Bureau of Internal Revenue (BIR) Revenue Region No. 8B-South NCR (National Capital Region) said it has jurisdiction to implement close order against Megaworld Corporation in line with the auditing on the sale of some of the company's properties. In a statement on Friday, the BIR said the enforcement activity which was supposed to conduct on the real estate company last May 18, was "supported by a Revenue Special Order signed by the Commissioner of Internal Revenue." It said, "the investigation involves the verification of taxes on One-Time Transactions (OneTT) on the sale/transfer of properties by Megaworld." "Although Megaworld is considered a large taxpayer under the jurisdiction of the Large Taxpayers Service, BIR National Office, OneTT falls under the jurisdiction of the BIR Regional Offices since the situs of taxation of sale, transfer, and other disposition of real properties is where the property is located," it said. The statement also