Key government agencies are backing proposals to simplify the country’s excise tax system for vapor products, citing enforcement challenges, technical gaps and potential revenue losses under the current framework ....
The Bureau of Internal Revenue saw its tax collections increase slightly to P358 billion in January, while anticipating faster economic growth, digitalization and recovery in infrastructure spending to lift full-year collections this year ....
The Bureau of Internal Revenue lifted the nationwide suspension of tax audits and field operations on Jan. 27 2026 through Revenue MemorandumCircular 8-2026, ending a pause that began in November 2025 following a leadership change ....
According to the Bureau of International Recycling (BIR), demand for stainless steel scrap in Europe has remained relatively stable, though achievable price levels continue to face downward pressure ...