2012 BIR Monitor

Revenuers can look forward to getting an additional top up bonus known as the Performance-Based Bonus (PBB).

The BIR has made the preparation of tax returns easier with the rollout of the Electronic Bureau of Internal Revenue Forms (eBIRForms) Package last October 16.

Delegates from eleven (11) members of the Study Group on Asian Tax Administration and Research (SGATAR) participated in the Working Level Meeting on Transfer Pricing held from September 3 to 5, 2012 in EDSA Shangri-la Hotel.

The BIR celebrated its 108th founding anniversary last August 1 with austere but meaningful program carrying the theme, “I love Philippines, I Pay Taxes”.

All taxpayers using cash register machines, point-of-sale machines and other invoice/receipt generating machines are now required to report their gross monthly sales to the BIR using the Bureau’s Electronic Sales (eSales) Reporting System..

Top BIR officials attended the workshop for the development of the Electronic Tax Information System (eTIS) held last May 9 to 12 at the Astoria Plaza in Pasig City.

The BIR kicked off last April 19 a new project called BRAInS or BIR Ready and Aware in Information Security.

Starting March 15, 2012, BIR Form Nos. 1700, 1701 and 1702 are available in interactive format for use by all taxpayers.

Last January 10, the BIR entered into a Memorandum of Agreement with PICPA for the conduct of seminars on the Philippine Financial Reporting Standards (PFRS) for selected Revenue Officers of the Bureau.