BIR expects to exceed Q1 goal despite shortfall in initial data - BusinessWorld Online

BIR expects to exceed Q1 goal despite shortfall in initial data - BusinessWorld Online

THE Bureau of Internal Revenue (BIR) said it expects to exceed its first-quarter collection target even after preliminary totals of P668.99 billion fell short of the goal of P671.99 billion. First-quarter collections as initially reported were 12.78% higher year on year. Commissioner Romeo D. Lumagui, Jr. said at a briefing on Tuesday that the final total will likely bring the bureau beyond the target, driven by value-added tax collections. “For…

More taxpayers using online ITR filing; BIR confident on target

During the last day for filing ITRs on April 15, Lumagui noted that only a few taxpayers were present at the BIR Revenue District Office in Intramuros, Manila.

BIR: No extension of April 15 deadline to file tax returns

MANILA, Philippines — Taxpayers have only until today, April 15, to file their 2024 annual income tax returns (AITR) to avoid penalties. Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. had said there will be no extension of the deadline, arguing that they have been urging the public to pay their income taxes on […]...Keep on reading: BIR: No extension of April 15 deadline to file tax returns