The Bureau of Internal Revenue said its gross collections rose to P279.135 billion in May, posting a 14.15-percent increase from the same month last year as the agency benefited from an extended tax filing season and continued taxpayer compliance.
The Bureau of Internal Revenue has completed a review of its audit system and is moving to implement reforms designed to make tax examinations fairer, more predictable, and more accountable, Finance Secretary Frederick Go said on Monday.
Two of the country’s largest business organizations expressed strong support for the Department of Finance and the Bureau of Internal Revenue following the suspension of all field audits and related enforcement actions under Revenue Memorandum Circular RMC 107-2025.