BIR launches e-invoicing, sales reporting system
The Bureau of Internal Revenue (BIR) has once again taken a huge leap toward digitalization as it launched a new web-based system to ease taxpayers’ compliance regarding invoices and receipts as well as strengthen further the tax audit capabilities of revenue offices.
BIR misses collection target in Q1 despite 7.2% increase
The Bureau of Internal Revenue (BIR) missed its collection target by 8.9 percent or P47.2 billion in the first quarter of the year as businesses availed of the provision allowing outright crediting of their input value-added tax on capital goods under the Tax Reform for Acceleration and Inclusion (TRAIN) Law.