Each taxpayer is supposed to file their income tax return within the time prescribed under section 139(1)/139(4) of the Income Tax Act. However, it may be possible due to any genuine hardship or ...

Income Tax Refund Delay: Many taxpayers have been waiting for a while now as their income tax refund for FY 2024-25 (Assessment Year or AY 2025-26) has been delayed than usual, despite filing the ITR ...

Many income taxpayers are facing a problem that, despite filing their Income Tax Return (ITR) on time, the status is being reflected as ‘Processed,’ with the refund yet to be credited to the account.

My husband owns his own business. The Internal Revenue Service audited his 2021 income-tax return. There were some small mistakes. The amount due was paid. However, he received notice at the end of ...

THE Department of Finance (DOF) on Monday ordered the suspension of all Bureau of Internal Revenue (BIR) field audits amid allegations of a “money-making scheme” involving the issuance of audit ...

MANILA, Philippines – The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, has thrown its support behind the government’s decision to suspend all field ...

The due date to file the income tax return (ITR) for FY 2024-25 ended on 16 September after two extensions. However, if you now realise that you made some mistake while filing your return and ...

MANILA, Philippines—The Bureau of Internal Revenue (BIR) on Thursday filed before the Department of Justice (DOJ) multiple violations of the National Internal Revenue Code (NIRC) against two ...

MANILA, Philippines — The Department of Finance (DOF) announced Monday the suspension of all field audits and related operations by the Bureau of Internal Revenue (BIR), following complaints regarding ...

The standard deduction has been super-sized for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim an additional $6,000 without itemizing, thanks to tax ...