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Filing of Income Tax Returns by Barangay Micro Business Enterprises (BMBE) Taxpayers

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 […]

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#AskTheTaxWhiz: All about filing income tax returns

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 […]

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Launching of Tax Guide for Small Businesses

“For those who earn more must give more, for those who earn less,” stated Bureau of Internal Revenue Commissioner Billy Dulay during the launching of the Tax Guide for Small Businesses at his office today, April 5, 2017. It was a brief program attended by BIR CIR Billy Dulay himself, the Philippine Tax Whiz Mr. […]

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Tax Awareness Month

Do you know that the month of April was declared as Tax Awareness Month (TAM) by virtue of Proclamation No. 812, s. 2005? This underscores the value of taxes in nation building. The Proclamation’s scope may have not extended to the succeeding years, but the Center for Strategic Reforms of the Philippines (CSR Philippines) deems […]

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Building the Nation from within

  The recent Youth Entrepreneurship Boot Camp offered and achieved what no event has done in the country before—present entrepreneurship as a lucrative alternative to labor export—in the span of three days. The event, which ran from Mar. 22-24 at the University of Asia and the Pacific, highlighted the Philippines’ (and even the world’s) top […]

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Youth in Business

Advocacy group seeks to inspire more young entrepreneurs   Students from various universities and colleges got to hear from and be inspired by incredible speakers at the first leg of the Youth Entrepreneurship Boot Camp on Mar. 22, 2017 at the University of Asia & the Pacific.   The first half of the program alone […]

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YEBC 2017: PH youth urged to go into business

‘We focus on entrepreneurship because we need to, in order to develop our country,’ Senator Bam Aquino tells students at the Youth Entrepreneurship Boot Camp MANILA, Philippines – “Entrepreneurship is the definite way we can support our country forward.” This was the key message of Senator Paolo Benigno Aquino IV at the opening of the […]

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Lifting the bank secrecy law

The Bureau of Internal Revenue (BIR) remains one of the most corrupt government agencies despite the efforts of the new administration to promote a simpler, fairer and more efficient tax system. In fact, some revenue officials continue to extort money from taxpayers they audit regularly, as usual, even using the name of Commissioner Dulay and […]

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#AskTheTaxWhiz: Is the proposed tax reform package really pro-poor?

The Philippine Tax Whiz shares what the public must know about the Tax Reform for Acceleration and Inclusion (TRAIN) bill. Are you supporting the comprehensive tax reform package proposed by the Department of Finance (DOF)? What are the salient points in the proposed bill? Is it really pro-poor? Yes. As a tax advocate for more […]

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One taxpayer at a time

Tax advocate seeks to lead by example     “You lead with direction, you lead by example.”   This quote from professional racing entrepreneur Roger Penske could not be more relevant in a country that reeks of crime and corruption, where the goal is always to create a ripple effect from a few people committed […]

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