US law to help improve PH revenue collections

Philippine participation in a US tax evasion-detection program will also support domestic revenue collection efforts, a Bureau of Internal Revenue (BIR) official said on Thursday.

In particular, local officials will gain a clearer picture of the finances of Filipino citizens residing in the US and determine whether the correct taxes have been paid, BIR Tax Affairs Division Chief Charadine Bardon said at the 2015 Taxand Asia Conference at the New World Hotel.