Nonetheless, Lumagui expressed confidence to hit the BIR’s collection target banking on the agency’s efforts to combat fake receipts and illicit trade. “Well, first of all, we're continuing our ...

As the filing and payment deadline for Annual Income Tax Return (AITR) approaches, the Bureau of Internal Revenue (BIR) ...

Ghost receipts target the VAT rather than the income tax,” he said. VAT collections contribute about 22 percent to the entire BIR collection every year. BIR estimates showed that the government ...