Teaser For James Gunn’s ‘Superman’ Starring David Corenswet Is Out, In Cinemas July 9

Get ready for a fresh take on Superman with David Corenswet, coming to theaters on July 9, 2025.

Steve Aoki And David Guetta Share New Single ‘My Life’ Featuring Swae Lee And PnB Rock

With "My Life," Steve Aoki and David Guetta deliver a fresh anthem that highlights the contributions of Swae Lee and PnB Rock. Their reunion is sure to excite fans worldwide.

Filipino Pop Idol JL Gaspar Hosts Special Fan Event Following ‘Universe League’ Victory

JL Gaspar, who recently triumphed in the K-pop reality show "Universe League," will express his gratitude to his Filipino fans at a free fan event on February 16.

DSWD Releases PHP9.7 Million Aid To Shear Line-Hit Sorsogon

Tulong mula sa DSWD: PHP9.7 milyong pondo para sa mga pamilya sa Sorsogon na naapektuhan ng shear line.

BIR Launches Tax Compliance Verification Drive

BIR nagbigay diin sa kahalagahan ng tamang pag-unawa sa mga obligasyon sa buwis sa kanilang bagong inisyatiba.
By PAGEONE Business Today

BIR Launches Tax Compliance Verification Drive

36
36

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Bureau of Internal Revenue (BIR) launched a campaign that aims to help taxpayers understand their tax obligations to encourage voluntary compliance.

In a statement Tuesday, the BIR said the Friendly Tax Compliance Verification Drive (TCVD) which runs from Feb. 10 to 14, focuses on helping taxpayers understand their tax obligations, identify common issues, and guide them in correcting these to ensure proper compliance with tax laws.

The BIR said the initiative aims to build lasting awareness and improve cooperation between the BIR and the business community.

“The BIR will conduct a tax education campaign, through a nationwide TCVD. The purpose of this TCVD is solely to educate businesses on their tax obligations. No penalties will be imposed,” BIR Commissioner Romeo Lumagui Jr. said.

The BIR said that on the first day alone, more than 24,000 establishments across the Philippines were visited as part of the drive.

Some of the most common issues found include businesses not being officially registered, not keeping their books of accounts at their place of business, and not displaying their certificate of registration.

The BIR said some taxpayers were also not able to convert their official receipts into the required sales or service invoices under the Ease of Paying Taxes Act.

“We are here to educate our taxpayers, not to penalize them. Education leads to compliance. Improved services lead to compliance. Our revenuers from Luzon, Visayas, and Mindanao will be visiting businesses to explain the fundamentals of taxation to everyone,” Lumagui said. (PNA)