BIR gears up for possible MNE top-up tax rollout

MANILA, Philippines – The Bureau of Internal Revenue (BIR) is preparing for the rollout of the planned domestic top-up tax for large multinational enterprise groups (MNEs) earning income in the Philippines. In a statement on Thursday, the BIR said it is preparing for the Department of Finance’s (DOF) Qualified Domestic Minimum Top-Up Tax (QDMTT) proposal through