BURS To Go After Tax Defaulters
Has devised a strategy to ensure a collection target of P60.4bn Had collected 56% of target (P32.9bn) by the end ...
Tag: BURS
18-month Accounts Are Accepted For Tax Filings
There are various reasons that may trigger businesses to prepare their financial statements for a period not restricted to the ...
The harsh tax garnishee order!
Generally, outstanding tax liabilities attract penalties and interest which further inflate the tax obligation. The taxman, being the authorised tax ...
BURS exceeds revenue collection target
Collections surpass target by P634 million Transformation to improve collection further underway Commissioner General says BURS is smarting from bad ...
BURS Clamps Down on Tax Fraudsters
* Tracking system to save economy billions * Economy estimated to lose P3bn in contraband * BURS to use E-Billing ...
No VAT deregistration in 1st 24months
At times, some business operators are compelled to compulsorily register for Value Added Tax (VAT) in the furtherance of statutory ...
Fabricated transactions are tax risky
In some cases, businesses enter into various trade agreements that require legal documents such as contracts, partnership deeds etc. Mostly, ...
BURS warns vegetable smugglers of stiff penalties
Tax Commissioner speaks 10-year imprisonment terms and P1m in fines Sniffer dogs and high tech anti-smuggling devices in use at ...
Register for VAT without P1m in sales
Effective 23 May 2015, the VAT Act (Act) was amended to increase the sales threshold of VAT registration from P ...
Fix income tax errors within 1 year
Generally, mistakes are common in everyone’s everyday dealings. Unlike any other error, a tax mistake or error may result in ...
