BIR grants tax breaks for US-funded anti-drug projects

Bureau of Internal Revenue. FILE PHOTO The Bureau of Internal Revenue (BIR) has granted tax breaks to qualified transactions, contractors and personnel involved in US-funded anti-drug and law

giovedì 2 luglio 2026 New tab

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Bureau of Internal Revenue. FILE PHOTO

The Bureau of Internal Revenue (BIR) has granted tax breaks to qualified transactions, contractors and personnel involved in US-funded anti-drug and law enforcement programs under a bilateral agreement with the Philippines.

Under Revenue Memorandum Circular No. 73-2026, the BIR said transactions covered by the Letter of Agreement (LOA) on Narcotics Control and Law Enforcement are exempt from value-added tax (VAT) and income tax.

READ: BIR topped revenue target anew in May

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rappler.com·Jul 6, 2026 · 2 g fa
[Ask the Tax Whiz] Guidelines on BIR’s Micro Taxpayer Relief Program

BIR grants tax breaks for US-funded anti-drug projects

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BIR grants tax breaks for US-funded anti-drug projects

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