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SC invalidates BIR circular levying taxes imposed on condo unit owners’ dues, charges The Supreme Court (SC) has invalidated a Bureau of Internal Revenue (BIR) circular that imposes a 12 per cent value-added tax (VAT) and 32 per cent income tax on association dues, membership fees and other charges collected by condominium corporations from its members and tenants.

BIR adds more commodities that PWDs can buy at discounted prices The Bureau of Internal Revenue (BIR) has come out with a new set of guidelines, enumerating commodities that Persons with Disability (PWD) may purchase at a special discount of five percent off the regular retail price.

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Revenue Regulation 21-2018 implementing Sec 249 of NIRC of 1997, as amended under Sec 75 of RA 10963 otherwise known as TRAIN Law.

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BIR losses P46M in careless assessment The Court of Tax Appeals (CTA) has upheld the petition of a merchandising company protesting the more than P46 million deficiency tax assessment imposed by the Bureau of Internal Revenue (BIR) for the latter's failure to include in the assessment notice the due date of the payment.

BIR loses P17M tax case due to sloppy audit The Court of Tax Appeals (CTA) has voided the more than P17 million deficiency tax assessment imposed by the Bureau of Internal Revenue (BIR) against an advertising agency due to incorrect audit procedure.