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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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