The old tax regime allows taxpayers to claim various exemptions and deductions for tax-saving investments, health insurance ...

To reform any organization such as the Bureau of Internal Revenue (BIR), one must first understand how it works. And the first thing in understanding how an organization works is to ask: Who are the ...

As tax season winds down, Philippine businesses must brace for BIR tax mapping drives checking registration, invoices, books, ...

The BIR said it collected P1.111 trillion in April, exceeding its collection target for the period by more than P7 billion.

The recent tax season and the government’s lower spending pushed the country to a budget surplus of P67 billion in April, the Bureau of the Treasury said.

If you forget to report something, you could end up receiving a notice from the tax department. Listen to Story The ITR filing deadline for FY 2024-25 is July 31, 2025 Check the AIS and Form 26AS ...

The Income Tax Department has introduced the ITR-U form, extending the window for taxpayers to revise their income tax returns to four years, as per the Finance Act, 2025. This allows individuals ...

The ITR e-filing utilities for AY 2025-26 (FY 2024-25) have not yet been made available on the Income Tax Department's portal. The Central Board of Direct Taxes (CBDT) has notified the revised ...

The Central Board of Direct Taxes (CBDT) has notified a new ITR-U (updated income tax return) form to facilitate taxpayers in rectifying errors and omissions in previously filed ITRs. Before this ...

Follow Us Trending Photos New Delhi: The Income Tax Department has introduced a new version of the Income Tax Updated Return form, called ITR-U. This updated form, effective from April 1, 2025, ...