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                (
                    [ArticleID] => 194979
                    [Title] => Government needs P10.3-B for BIR workers
                    [Summary] => The Arroyo administration will have to set aside at least P10.3 billion to pay off Bureau of Internal Revenue (BIR) employees when the BIR is dissolved to make way for an independent revenue authority.


Already facing criticism for deliberately slowing down revenue collections early in 2002 and partly causing the huge shortfalls in BIR collections, the BIR Employees Association is now seeking a separation package equivalent to five months for every year of service should the plan for a new revenue agency push through.


                    [DatePublished] => 2003-02-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 172860
                    [Title] => Peso hits 52:$1 as currencies weaken
                    [Summary] => The  peso breached the psychological barrier  of 52 to the dollar yesterday on rising  political concerns and the general  weakness of regional currencies, traders said.


At the Philippine Dealing System (PDS), the peso  went over the 52 to $1 barrier,  hitting a low of 52.150 before recovering at the end of the trading session to settle five centavos lower than yesterday’s close of 51.910 at 51.960 to $1.


Trading volume amounted to $92 million at an average  of $52.062 to $1.


                    [DatePublished] => 2002-08-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 166282
                    [Title] => Government moves to restructure BIR
                    [Summary] => The Arroyo administration has begun the groundwork for the restructuring of the Bureau of Internal Revenue (BIR) beginning with the move to outsource non-core functions and the segmentation of taxpayers.


This developed as the BIR endorsed the dismissal of at least 20 revenue officials and personnel suspected of graft and corruption, the first crackdown in the agency since the administration took over.


Finance Secretary Jose Isidro Camacho told reporters that an executive order is being drafted to implement phase one of the BIR’s reform plan.


                    [DatePublished] => 2002-06-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 158973
                    [Title] => Government may ditch VAT system
                    [Summary] => Desperate for cash, the Arroyo administration is considering shifting back to regressive taxation by reinstating the sales tax to replace the leak-infested value added tax (VAT) system.
                    [DatePublished] => 2002-04-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 147929
                    [Title] => 2001 budget deficit seems better than target
                    [Summary] => Last year’s target deficit of P145 billion was not breached and may have even fallen below expectations by at least P2 billion to only P143 billion.


This possibility was raised yesterday because of strong indications the Department of Finance generated surplus revenues of P5 billion for the month of December 2001.


Budget Secretary Emilia Boncodin estimates overspending by about P7 billion, but finance officials are confident there was a net surplus last December as a result of efforts to collect on a number of unspecified receivables.


                    [DatePublished] => 2002-01-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 145352
                    [Title] => BIR eases sanctions on authorized agent banks
                    [Summary] => The Bureau of Internal Revenue (BIR) has eased sanctions on accredited agent banks (AABs) violating tax collection procedures.


In a recent order, Internal Revenue Commissioner Rene Bañez said that banks could request for a waiver of penalties if they are found to be not complying with tax collection procedures.


The BIR is the only agency currently authorized to waive penalties, surcharges and interests on delayed collections.


                    [DatePublished] => 2001-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 142493
                    [Title] => BIR falls P2.933B short of 10-month collection target
                    [Summary] => The Bureau of Internal Revenue (BIR) reported a collection of  P320.203-billion from January to October, P2.933 billion lower than target.


In a report to the Department of Finance (DOF), Internal Revenue Commissioner Rene Bañez said the bureau is optimistic that revenue collections in the remaining two months will improve.


Bañez said they have prepared certain revenue enhancement measures such as the compromise settlement program for delinquent accounts, revisions in the withholding tax schemes, and collection of unremitted taxes of local government units.

                    [DatePublished] => 2001-12-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 128285
                    [Title] => BIR sets measures to achieve new target
                    [Summary] => The Bureau of Internal Revenue (BIR) is preparing a set of revenue collection measures designed to improve its performance and enable it to attain the revised collection target of P388 billion this year.


"We have identified some measures such as the complete installation of the documentary stamp tax (DST) metering machines," Internal Revenue Commissioner Rene Bañez told The STAR.


                    [DatePublished] => 2001-07-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 127643
                    [Title] => GMA pulls no punches, adds drama to her SONA
                    [Summary] => That was a rip-roaring State of the Nation Address with a dramatic twist at the end by President Gloria Macapagal-Arroyo at the opening yesterday of the 12th Congress.


The President came out swinging at influential persons who continue to flout the law and the courts, at vested groups sapping our economic vitality, and other quarters blocking reforms.


                    [DatePublished] => 2001-07-24 00:00:00
                    [ColumnID] => 136322
                    [Focus] => 0
                    [AuthorID] => 1804858
                    [AuthorName] => Federico D. Pascual Jr.
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 90329
                    [Title] => Deadline for paying taxes moved to April 18
                    [Summary] => President Arroyo has extended the deadline for filing of income tax returns to April 18 from April 16.


The President approved the extension apparently due to the long holiday period as government offices closed shop at noon yesterday.


"With the extension of the deadline for the filing of income tax returns, I urge our countrymen to pay their correct taxes at the proper time," the President said.


                    [DatePublished] => 2001-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

INTERNAL REVENUE COMMISSIONER RENE BA

Array
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                (
                    [ArticleID] => 194979
                    [Title] => Government needs P10.3-B for BIR workers
                    [Summary] => The Arroyo administration will have to set aside at least P10.3 billion to pay off Bureau of Internal Revenue (BIR) employees when the BIR is dissolved to make way for an independent revenue authority.


Already facing criticism for deliberately slowing down revenue collections early in 2002 and partly causing the huge shortfalls in BIR collections, the BIR Employees Association is now seeking a separation package equivalent to five months for every year of service should the plan for a new revenue agency push through.


                    [DatePublished] => 2003-02-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 172860
                    [Title] => Peso hits 52:$1 as currencies weaken
                    [Summary] => The  peso breached the psychological barrier  of 52 to the dollar yesterday on rising  political concerns and the general  weakness of regional currencies, traders said.


At the Philippine Dealing System (PDS), the peso  went over the 52 to $1 barrier,  hitting a low of 52.150 before recovering at the end of the trading session to settle five centavos lower than yesterday’s close of 51.910 at 51.960 to $1.


Trading volume amounted to $92 million at an average  of $52.062 to $1.


                    [DatePublished] => 2002-08-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 166282
                    [Title] => Government moves to restructure BIR
                    [Summary] => The Arroyo administration has begun the groundwork for the restructuring of the Bureau of Internal Revenue (BIR) beginning with the move to outsource non-core functions and the segmentation of taxpayers.


This developed as the BIR endorsed the dismissal of at least 20 revenue officials and personnel suspected of graft and corruption, the first crackdown in the agency since the administration took over.


Finance Secretary Jose Isidro Camacho told reporters that an executive order is being drafted to implement phase one of the BIR’s reform plan.


                    [DatePublished] => 2002-06-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 158973
                    [Title] => Government may ditch VAT system
                    [Summary] => Desperate for cash, the Arroyo administration is considering shifting back to regressive taxation by reinstating the sales tax to replace the leak-infested value added tax (VAT) system.
                    [DatePublished] => 2002-04-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 147929
                    [Title] => 2001 budget deficit seems better than target
                    [Summary] => Last year’s target deficit of P145 billion was not breached and may have even fallen below expectations by at least P2 billion to only P143 billion.


This possibility was raised yesterday because of strong indications the Department of Finance generated surplus revenues of P5 billion for the month of December 2001.


Budget Secretary Emilia Boncodin estimates overspending by about P7 billion, but finance officials are confident there was a net surplus last December as a result of efforts to collect on a number of unspecified receivables.


                    [DatePublished] => 2002-01-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 145352
                    [Title] => BIR eases sanctions on authorized agent banks
                    [Summary] => The Bureau of Internal Revenue (BIR) has eased sanctions on accredited agent banks (AABs) violating tax collection procedures.


In a recent order, Internal Revenue Commissioner Rene Bañez said that banks could request for a waiver of penalties if they are found to be not complying with tax collection procedures.


The BIR is the only agency currently authorized to waive penalties, surcharges and interests on delayed collections.


                    [DatePublished] => 2001-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 142493
                    [Title] => BIR falls P2.933B short of 10-month collection target
                    [Summary] => The Bureau of Internal Revenue (BIR) reported a collection of  P320.203-billion from January to October, P2.933 billion lower than target.


In a report to the Department of Finance (DOF), Internal Revenue Commissioner Rene Bañez said the bureau is optimistic that revenue collections in the remaining two months will improve.


Bañez said they have prepared certain revenue enhancement measures such as the compromise settlement program for delinquent accounts, revisions in the withholding tax schemes, and collection of unremitted taxes of local government units.

                    [DatePublished] => 2001-12-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 128285
                    [Title] => BIR sets measures to achieve new target
                    [Summary] => The Bureau of Internal Revenue (BIR) is preparing a set of revenue collection measures designed to improve its performance and enable it to attain the revised collection target of P388 billion this year.


"We have identified some measures such as the complete installation of the documentary stamp tax (DST) metering machines," Internal Revenue Commissioner Rene Bañez told The STAR.


                    [DatePublished] => 2001-07-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 127643
                    [Title] => GMA pulls no punches, adds drama to her SONA
                    [Summary] => That was a rip-roaring State of the Nation Address with a dramatic twist at the end by President Gloria Macapagal-Arroyo at the opening yesterday of the 12th Congress.


The President came out swinging at influential persons who continue to flout the law and the courts, at vested groups sapping our economic vitality, and other quarters blocking reforms.


                    [DatePublished] => 2001-07-24 00:00:00
                    [ColumnID] => 136322
                    [Focus] => 0
                    [AuthorID] => 1804858
                    [AuthorName] => Federico D. Pascual Jr.
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 90329
                    [Title] => Deadline for paying taxes moved to April 18
                    [Summary] => President Arroyo has extended the deadline for filing of income tax returns to April 18 from April 16.


The President approved the extension apparently due to the long holiday period as government offices closed shop at noon yesterday.


"With the extension of the deadline for the filing of income tax returns, I urge our countrymen to pay their correct taxes at the proper time," the President said.


                    [DatePublished] => 2001-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

abtest

Government needs P10.3-B for BIR workers

February 11, 2003 - 12:00am

The Arroyo administration will have to set aside at least P10.3 billion to pay off Bureau of Internal Revenue (BIR) employees when the BIR is dissolved to make way for an independent revenue authority. Already facing...

Business

Peso hits 52:$1 as currencies weaken

August 21, 2002 - 12:00am

The peso breached the psychological barrier of 52 to the dollar yesterday on rising political concerns and the general weakness of regional currencies, traders said. At the Philippine Dealing System (PDS), the...

Business

Government moves to restructure BIR

By Des Ferriols | June 28, 2002 - 12:00am

The Arroyo administration has begun the groundwork for the restructuring of the Bureau of Internal Revenue (BIR) beginning with the move to outsource non-core functions and the segmentation of taxpayers. This developed...

Business

Government may ditch VAT system

By Des Ferriols | April 29, 2002 - 12:00am

Desperate for cash, the Arroyo administration is considering shifting back to regressive taxation by reinstating the sales tax to replace the leak-infested value added tax (VAT) system.

Business

2001 budget deficit seems better than target

January 22, 2002 - 12:00am

Last year’s target deficit of P145 billion was not breached and may have even fallen below expectations by at least P2 billion to only P143 billion. This possibility was raised yesterday because of strong indications...

Business

BIR eases sanctions on authorized agent banks

By Rocel Felix | December 30, 2001 - 12:00am

The Bureau of Internal Revenue (BIR) has eased sanctions on accredited agent banks (AABs) violating tax collection procedures. In a recent order, Internal Revenue Commissioner Rene Bañez said that banks could...

Business

BIR falls P2.933B short of 10-month collection target

By Ted P. Torres | December 5, 2001 - 12:00am

The Bureau of Internal Revenue (BIR) reported a collection of P320.203-billion from January to October, P2.933 billion lower than target. In a report to the Department of Finance (DOF), Internal Revenue Commissioner...

Business

BIR sets measures to achieve new target

By Ted P. Torres | July 29, 2001 - 12:00am

The Bureau of Internal Revenue (BIR) is preparing a set of revenue collection measures designed to improve its performance and enable it to attain the revised collection target of P388 billion this year. "We...

Business

GMA pulls no punches, adds drama to her SONA

By POSTSCRIPT | By Federico D. Pascual Jr. | July 24, 2001 - 12:00am

That was a rip-roaring State of the Nation Address with a dramatic twist at the end by President Gloria Macapagal-Arroyo at the opening yesterday of the 12th Congress. The President came out swinging at influential...

Opinion

Deadline for paying taxes moved to April 18

April 12, 2001 - 12:00am

President Arroyo has extended the deadline for filing of income tax returns to April 18 from April 16. The President approved the extension apparently due to the long holiday period as government offices closed...

Headlines