SOCIAL-media influencers are being required by the government to register with the Bureau of Internal Revenue (BIR). Finance Undersecretary Antonette C. Tionko said on Tuesday the government aims to capture more revenues from social-media influencers as they are also required to pay their taxes. Unless exempted in line with the…
Published February 26, 2021, 8:00 AM
The Department of Finance (DOF) approved the inclusion of all importations of coronavirus vaccines in the “Mabuhay” or express lane to allow their quick processing of the tax and duty exemptions.
In a statement released by the DOF, the department said that Finance Secretary Carlos G. Dominguez III approved the inclusion of COVID-19 vaccines in the Mabuhay lane as well as the waiving of their filing fees.
Finance Secretary Carlos G. Dominguez III
Dominguez, upon the recommendation of Finance Undersecretary Antonette Tionko, also allowed COVID-19 vaccine importers to use the Tax Exemption System (TES) Online Filing Module in processing their shipments.
COVID vaccine imports to be exempted from taxes, says DoF bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
PASAY CITY, Feb. 19 The Department of Finance (DOF), through its Revenue Operations Group (ROG), has assisted the national government in implementing several regulations related to the Bayanihan To Heal As One Act (Republic Act (RA) No. 11469 or the Bayanihan 1) and Bayanihan To Recover As One Act (RA 11494 or the Bayanihan 2) to provide relief to sectors hardest hit by the economic shock triggered by the COVID-19 pandemic.
In a report to Finance Secretary Carlos Dominguez III, Tionko said the DOF and the Bureau of Internal Revenue (BIR) issued 34 Revenue Regulations (RRs) last year, most of which were related to the provisions of the Bayanihan laws, Tionko said.
Tax-related digitalization projects set for national roll-out
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The Department of Finance (DOF) said on Wednesday, Jan. 27, that it expects the full nationwide implementation this year of several digitalization projects to improve tax administration in step with its goal of utilizing new technologies to boost tax compliance and fight corruption.
Photo credit: DOF
In a report to DOF secretary Carlos Dominguez III, the Revenue Operations Group (ROG) said it is targeting to complete the electronic tax exemption system (TES) of the DOF’s Revenue Office (RO) by the first quarter to allow qualified importers to register, file, and track online their duty- and tax-exemption applications.