Home » Posts tagged with » withholding tax

BIR may not meet target

The Bureau of Internal Revenue (BIR) will have to raise some P175 billion for the remaining two months of the year to hit its P940-billion collection target, a job considered by insiders as “mission impossible.”

MANILA, Philippines – The Philippine Charity Sweepstakes Office (PCSO) has agreed to settle more than P3.5 billion in tax debts with the Bureau of Internal Revenue (BIR). BIR Commissioner Kim S. Jacinto-Henares said yesterday that the amicable settlement was reached after PCSO Chairwoman Margarita P. Juico went to the BIR in Quezon City last Monday […]

Continue reading …