CTA affirms Ressa's acquittal in tax case
The Court of Tax Appeals (CTA) has affirmed its 2023 decision, upholding the acquittal of Maria Ressa and Rappler Holdings Corporation (RHC) in four tax-related charges on February 21.
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National Internal Revenue Code
Also known as RA 8424
The National Internal Revenue Code is a Philippine law that governs tax compliance, imposing strict penalties for non-compliance such as suspensions and criminal charges. Recently, the Bureau of Internal Revenue has enforced this code through various programs like Online Kandado and RAFT to combat tax evasion by online sellers and manufacturers of illicit goods.
This is an AI-generated summary based on recent coverage.
Last updated at March 15, 2025.
Recent stories about RA 8424
BIR files P8.5 billion tax evasion case against illicit cigarette operation
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. announced that the BIR has filed a P8.5 billion tax evasion case against individuals involved in an illicit cigarette operation, with criminal cases filed on November 14 and February 7.
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DOJ files 20 tax evasion cases against 3 corporations
On Monday, the Department of Justice (DOJ) filed multiple charges of tax evasion against three industrial corporations before the Court of Tax Appeals.
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Sen Tolentino files bill to remove VAT on electricity and internet
Senator Francis 'TOL' Tolentino has filed Senate Bill No. 2970 to remove the 12% value-added tax (VAT) on electricity and internet services, aiming to ease financial burdens on households and businesses.
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SC rules foreign currency deposit accounts exempt from estate tax
The Supreme Court has ruled that foreign currency deposit accounts are exempt from estate tax under Republic Act (RA) No. 6426, also known as the Foreign Currency Deposit Act of the Philippines.
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BOC seizes P21M worth of undocumented cigarettes in Albay
Late last month, the Bureau of Customs seized over P21 million worth of undocumented cigarettes from a motorized banca named 'Susie' in Pio Duran, Albay.
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BIR seizes PHP8.54B illicit cigarettes in Bulacan, Valenzuela
On Thursday, the Bureau of Internal Revenue (BIR) announced that it confiscated more than 11 million packs of illicit cigarettes during a raid in Bulacan and Valenzuela City on November 6.
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BIR warns online marketplaces of strict tax monitoring during holidays
The Bureau of Internal Revenue (BIR) has warned that it will closely monitor tax compliance among online marketplaces and sellers during the holiday season, threatening to suspend operations of non-compliant businesses.
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BIR seizes illicit cigarettes worth PHP637M, arrests Chinese nationals
The Bureau of Internal Revenue (BIR) announced Tuesday that it seized illicit cigarettes with a PHP636.94 million tax liability from a large-scale seller in Cabanatuan City, central Luzon.
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BIR seizes PHP8.06B worth of illicit cigarettes in Clark raid
On Monday, the Bureau of Internal Revenue (BIR) announced that it had confiscated illicit cigarettes and unregistered machines during a raid on four manufacturers in Clark, Pampanga last September 12.
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