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Romeo Lumagui, Jr. currently serves as the Commissioner of BIR since November 15, 2022. [3] The BIR is responsible for collection of all internal revenue taxes, fees and charges and the enforcement of all forfeitures, penalties, and fines connected with these including the execution of judgments for which it has police powers.
Use of Form W-2 was established by the Current Tax Payment Act of 1943 as part of an effort to withhold income at source. The first Form W-2s were issued to employees in 1944. [4] In 1965, the form's name was changed from "Withholding Tax Statement" to "Wage and Tax Statement" (current name). [4]
Taxes imposed at the national level are collected by the Bureau of Internal Revenue (BIR), while those imposed at the local level (i.e., provincial, city, municipal, barangay) are collected by a local treasurer's office.
Tomiko Itooka, a 116-year-old Japanese woman who became the oldest living person in August 2024, died on Dec. 29, 2024, according to Guinness World Records.
Two Indian chemical companies have been indicted for allegedly importing ingredients for the highly addictive opioid fentanyl into the United States and Mexico, the U.S. Department of Justice said ...
NFL wild card weekend is set.. The NFL playoffs kick off with three days of NFL action. All 14 playoff teams are playing for a chance to hoist the Lombardi Trophy at Super Bowl 59 at the Caesars ...
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