Tag: Bureau of Internal Revenue

BIR will tax surplus campaign contribution

MANILA, Philippines – The Bureau of Internal Revenue will tax the surplus campaign contributions received by politicians. According to BIR Commissioner Kim Henares, candidates receive millions of donations to their campaign funds and that they can only spend a limited portion of said amount. As such, unused donations will be considered as extra income of the candidates. Henares added that it is better for candidates to return the surplus contributions. (Eagle News Service Described by […]

Miss Universe Pia Wurtzbach, ready to pay tax

In response to Bureau of Internal Revenue Commissioner Kim Henares’ reminder that she should pay her taxes, Miss Universe 2015 Pia Wurtzbach said that she is ready and willing to pay said taxes. Wurtzbach added, however, that the $300, 000-worth Miss Universe crown should not be included in her tax liability because said crown is only loaned to her as the present Miss Universe. (Eagle News Service Described by Jay Paul Carlos, Video Editing by […]

Taxing the Miss Universe

QUEZON City, Philippines (January 22) – After forty-two years the crown was finally redeemed. Miss Universe Pia Wurtzbach bravely stood to represent the Philippines last December 20, 2015 with 79 other contestant. Her winnings include $300,000 in cash, a scholarship, a year-long salary, a luxurious accommodation in New York City during her reign, maintenance in hair, skin, health and nutrition, shoe and wardrobe sponsorship, wardrobe and styling by the official Miss Universe Organization fashion stylist, a […]

Henares: Miss Universe 2015 Pia Wurtzbach must report to BIR

“A beauty queen is not exempted from paying taxes,” Bureau of Internal Revenue Commissioner Kim Henares said and added that Miss Universe 2015 Pia Wurtzbach must report her earnings to the BIR when she returns to the Philippines on January 23. According to Henares, this includes Wurtzbach’s crown which is worth $300, 000 or Php 40 million. <em>(Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos)</em>

Aquino lauds BIR’s performance during 111th anniversary

  (Eagle News) — President Aquino lauded the exemplary performance of the Bureau of Internal Revenue (BIR), which celebrated its 111th founding anniversary on Monday, as the bureau reports increasing yearly tax collections. In a speech delivered before the agency’s officials and employees, President Aquino noted the BIR’s no-nonsense enforcement of tax laws and its steadfast implementation of priority programs to boost tax collection under the leadership of Commissioner Kim Jacinto-Henares. “Dahil sa mabuting pamamahala, […]

President Aquino says he wants Roxas to finish work at DILG

(Eagle News) — President Aquino has said that he would not want Interior and Local Government Secretary Mar Roxas to leave his department just yet as he would still have to finish pending work there. After gracing the 111th anniversary of the Bureau of Internal Revenue, Aquino hinted he would not want Roxas to resign just yet as head of the Department of Interior and Local Government (DILG). “I might prevail on him to stay […]

BIR needs accountants and lawyers

MANILA, Philippines, May 18 (Eagle News) — The Bureau of Internal Revenue (BIR) is looking for accountants and lawyers. BIR Commissioner Kim Henares said that those who want to apply for accountant does not need to be an accountancy graduate as long as they took 18 units of accounting as well as having passed the civil service exam. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos)

Solon reacts to BIR E-Filing

QUEZON City, April 15 (Eagle News) — House Deputy Majority Leader and Valenzuela Congressman Magtanggol Guinigondo criticized the Bureau of Internal Revenue (BIR) for its insistence in implementing the e-filing of the annual income tax return (ITR) even if said system still has many glitches. (Eagle News Service, Jay Paul Carlos, Jericho Morales, MRF Bonalos)

BIR urges taxpayers to pay income tax before April 15

CAGAYAN DE ORO CITY, PIA – The Bureau of Internal Revenue (BIR) has reiterated its call to taxpayers to file their income tax returns before the deadline. In his message during the regional kick-off of the 2015 tax campaign, BIR Deputy Commissioner Nelson Aspe reminded the taxpayers in the region of the April 15 deadline for filing of income tax stressing the inconveniences on the last day of filing. Aspe, whose message was read by […]