Cebu City seeks compromise with BIR
By: Delta Dyrecka Letigio USJ-R Journalism Intern
September 06,2018 - 02:59 PM
The Cebu City Government is offering a settlement with the Bureau of Internal Revenue (BIR) for its P1.2 billion worth of claims.
The Council’s Committee on Finance said that the city government can opt to pay a compromise fee of P188.4 million to cover BIR’s income and withholding tax claims computed in 2010.
The city government already made an initial payment of P53 million on August 8.
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