Business groups flag refunds, audits, cross-border taxation as top tax concerns

Business groups have flagged tax refunds, audits, and cross-border taxation as their top concerns in a recent dialogue with the Bureau of Internal Revenue (BIR), according to a report by BusinessWorld. The organizations expressed the need for a stronger partnership with the agency to address these issues.

The groups pointed to delays in tax refunds, inconsistent audit procedures, and complexities in cross-border tax rules as major pain points. They urged the BIR to streamline processes and provide clearer guidance to taxpayers.

Industry representatives hope that a collaborative approach will lead to more practical tax regulations and concrete administrative reforms. The BIR has yet to respond to the specific proposals raised during the consultation.