The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) 116-2024 on Aug. 21, 2024, ...

MANILA, Philippines – The Bureau of Internal Revenue (BIR) will closely monitor the tax compliance of online marketplaces and online sellers during the holiday season, Commissioner Romeo Lumagui Jr.

Provided, beginning Jan. 1, 2021, the VAT withholding system shall shift from final to creditable. Such 5% VAT withheld by the government can be claimed by the construction firms as tax credits if ...

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in ...