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 ?
All banks and non banks performing quasi banking functions will have to submit proof of remittance of the gross receipts tax paid on the interest income received from the BSP to the Bureau of Internal revenue (BIR), according to the memorandum order from the central bank.
'Once all our legal employees receive their documents from the Bureau of Internal Revenue (BIR) and the Bureau of Immigration (BI), it will be easy to clamp down on unregistered operations because everyone without proper documents will be illegal,' said the official familiar with the Pogo-DOF agreement.
The Bureau of Internal Revenue has filed a criminal complaint on Thursday against a Tacloban businessman for the possession of cigarettes bearing fake tax stamps.
" Meanwhile, Finance Secretary Carlos Dominguez urged other DOF offices and attached agencies, such as the Bureau of Internal Revenue and the Bureau of Customs, to strive for ISO certification to ensure that the quality of the services they render pass international standards.
'Once all our legal employees receive their documents from the Bureau of Internal Revenue and the Bureau of Immigration, it will be easy to clamp down on unregistered operations, because everyone without proper documents will be illegal,' said the official familiar with the POGO-DOF agreement.
The Bureau of Internal Revenue (BIR) is both surprised and alarmed at a news report that two revenue district officers were allegedly victimized by a kidnap-for-ransom gang.
'The new tax amnesty bill, when enacted, will provide a clean slate for delinquent taxpayers and will encourage all taxpayers, especially low-income and middle-income earners, professionals and even overseas Filipino workers to avail [themselves] of this program and register to the Bureau of Internal Revenue,' Suarez, one of the authors of the bill, said.
Informed sources said yesterday few delinquent taxpayers have so far availed of the privilege, paying the Bureau of Internal Revenue (BIR) less than P12 million since last week.

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