MANILA, Philippines—The Bureau of Internal Revenue believes that several corporate taxpayers have been dodging payments of their tax obligations.
In a statement issued yesterday, the BIR said there had been a high level of delinquency among corporate entities in the submission of reports needed to detect shortfalls in the remittance of the 12-percent value-added tax.
Under Revenue Regulation No. 8-2002, corporate taxpayers are required to regularly submit a list of sales and purchases to the BIR. The revenue agency uses the document as a guide to determine whether companies have been properly declaring sales and paying the right amounts of VAT.
A purchase declared by one company to the BIR is matched with a sale reported by its supplier.
The BIR has expressed concern that compliance with this documentary requirement has been low.
“A review of the degree of taxpayer compliance with these regulation has disclosed … that less than 30 percent of registered VAT taxpayers who are required to submit such information have actually complied with this requirement,” BIR Commissioner Sixto Esquivias IV said. -Michelle V. Remo, Philippine Daily Inquirer
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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