Internal Revenue Service

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Internal Revenue Service

(IRS), division of the U.S. Treasury Dept. that is responsible for the assessment and collection of most federal taxes, except those relating to alcohol, tobacco, firearms, and explosives. Established in 1862, the IRS derives most of its revenues from the collection of corporate and individual income taxincome tax,
assessment levied upon individual or corporate incomes. Although personal incomes were occasionally taxed in medieval Italian cities, the income tax is essentially a modern form of taxation.
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References in periodicals archive ?
3 million) tax case he is facing before the Bureau of Internal Revenue (BIR).
A lawmaker has called on the House Committee on Ways and Means to conduct an inquiry into the judicial setback of regulations issued by the Bureau of Internal Revenue (BIR) and the Department of Finance (DOF) outside the authority given them by the National Internal Revenue Code (NIRC), as amended, which may lead to capital flight and bear crippling effects on the economy.
The photo, which could have been shot to poke fun at the accusation of the whistleblower, Benhur Luy, who said that because of the overflow of money in the Napoles home, it could not fit into the cash vault and some were stored on the bathtub, caught the attention of the Philippine tax agency, the Bureau of Internal Revenue (BIR).
But Valte explained that technically, members of Congress are not obliged to submit their SALNs to the Bureau of Internal Revenue (BIR) but to the House of Representatives.
The company's outstanding value-added tax claims remain pending before the tax court and the Bureau of Internal Revenue.
In House Resolution 1591, Rodriguez asked the concerned House committee to conduct an inquiry into the matter and invite the officials of the Department of Finance (DOF), Bureau of Internal Revenue (BIR) and Department of Budget and Management (DBM) to shed light on the issue.
333) property in Fort Bonifacio, in suburban Taguig, which was bought in 2005, Bureau of Internal Revenue (BIR) chief Kim Henares said in a radio interview.
As of the end of the quarter, the company's claims consisted of about P264 million on gold sold to the Philippine Central Bank which are under judicial review and P259 million (up from P239 million at the end of 1992) related to direct exports which are subject only to administrative review by the Bureau of Internal Revenue.
The Bureau of Internal Revenue has registered a separate tax evasion charges before the Department of Justice against a steel company and a marine transport service tapped by 2Go Group Inc for purportedly evading tax duties totaling PHP 750 million.
The official added that the decline in gold purchases started during the second half of last year when the Bureau of Internal Revenue (BIR) strictly imposed the collection of 2 per cent excise tax and 10 per cent creditable withholding tax on sale of gold by small-scale miners.

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