The Philippine Tax Whiz provides various sources of reliable and accessible tax information. There are a lot of websites, blogs, and social media accounts talking about taxes. Can you recommend possible sources accessible online? We have been victimized by fake and old news shared via social media. I understand your dilemma as we have experienced the […]
News & Updates
Time and again, the Bureau of Internal Revenue (BIR) has been tagged as one of the most corrupt institutions in the country. Despite BIR Commissioner Billy Dulay’s efforts to stop corruption, bribery seems to be a convenient choice for both taxpayers and examiners, especially with the high tax rates and low salary of our examiners. […]
Through the efforts of the Center for Strategic Reforms of the Philippines and in partnership with BIR and DTI, the Tax Guide for Small Businesses presents a more detailed reference for startups and small businesses who may not have accountants to help them comply with BIR requirements especially in accomplishing tax returns. This will surely […]
The Bureau of Internal Revenue (BIR) released a memorandum dated April 5, 2017 in line with the deadline of filing of annual income tax returns (ITR) on April 17. “It is hereby advised however, that tax returns to be filed by the taxpayers claiming to be covered by BMBE shall be accepted whether taxes are […]
The Philippine Tax Whiz answers taxpayers’ key questions and reminds the public that the deadline has been moved from April 15 to April 17. Since the original April 15 deadline for filing income tax returns (ITRs) falls on Black Saturday, the Bureau of Internal Revenue (BIR) moved the deadline to April 17. Below are the […]
The last comprehensive tax reform in the Philippines happened thirty years ago and there were several attempts to improve the current tax system. Now that there’s a new administration, there is an opportunity to pass and implement a meaningful tax reform with all the stakeholders included in the process. This triggered the initiative from […]
Seal of Honesty
As business owners and executives of established companies in the Philippines, we acknowledge our company's responsibility to lead by example in the fight against corruption and to promote a culture of honesty and integrity in doing business.
While the government has its own initiatives to improve the revenue collection system of the country, we realize those initiatives cannot succeed without doing our fair share to complement those reforms by paying the right taxes, supporting an advocacy for genuine tax reform, and committing to ethical business practices and good corporate governance by supporting the Integrity Initiative.
SEAL OF HONESTY is a certification program by CSR Philippines to promote a culture of honesty and integrity in paying taxes. The Seal of Honesty supports and complements the Integrity Pledge signed by professionals and corporations for ethical and corporate good governance. It includes a 3-year citizen tax planning to improve the voluntary compliance of qualified individual and corporate taxpayers allowing them to declare true profit and pay the right taxes without the unnecessary burden of penalties and compromises.
It aims to build a community of honest taxpayers recognized by the government for their significant contributions in nation building by paying their taxes correctly. As an incentive, we hope concerned government agencies like BIR, DTI will give incentives to them e.g., green lane, no penalty, no audit and express or automatic tax clearance for government bidding etc.
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