NBR cancelled two tax benefits: the income tax exemption for the Shuchona Foundation and the tax exemption on donation amounts made by individuals and organisations to the foundation ...

it is often misunderstood as a tax exemption or tax deduction. Here's what it really means. “To taxpayers up to Rs12 lakh of normal income (other than special rate income such as capital gains ...

New Tax Regime: The proposals in the Union Budget for the new tax regime include full exemption for individuals earning up to Rs 12 lakh per year. The tax slabs have been extended, with a new 25 ...

The Bureau of Internal Revenue launched its 2025 national tax campaign on Feb. 4, 2025 at the Philippine International Convention Center in Pasay City. BIR Commissioner Romeo Lumagui Jr. led the event ...

As per Budget 2025, starting April 1, 2025, all insurance policies acquired from an IFSC registered office will receive tax ...

The Bureau of Internal Revenue (BIR), under the leadership of Commissioner Romeo D. Lumagui, Jr., officially launched its 2025 National Tax Campaign Kick-off on February 4, 2025, at the Philippine ...

Lumagui Jr. announced. Lumagui's statement follows President Ferdinand Marcos Jr.'s recent warning during the BIR’s 2025 tax campaign launch, emphasizing that individuals and businesses engaged in tax ...

The de minimis exemption will again be eliminated after the U.S. commerce secretary establishes a system to “fully and expediently process and collect tariff revenue.” The change prompted ...

The Bureau of Internal Revenue (BIR) expects to meet its 2025 tax collection target, citing intensified compliance efforts and ongoing digitalization initiative. BIR Commissioner Romeo Lumagui Jr.

The "issue regarding misclassification is an interpretational issue", Kia said in a statement, adding that the company has submitted a detailed response to the tax authorities who are still ...