The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) 94-2025 on Sept. 24, 2025, providing ...

Importers of smoking tobacco products, particularly cigarettes, are increasingly saving millions in federal excise taxes by employing a refund mechanism known as the “drawback.” A recent report ...

As a former economist for both the U.S. Treasury’s Office of Tax Analysis and the Senate Finance Committee, I have seen plenty of inane tax policy, but the fact that the U.S. government mails checks ...

Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...

A lot of New York taxpayers are leaving money on the table when they file their federal income tax returns. More than one out of every four New Yorkers who filed their federal income taxes during a ...

(1) S. 373, To facilitate and expedite direct refunds to coal producers and exporters of the excise tax unconstitutionally imposed on coal exported from the United States, all provisions relating to ...

(2) S. 2884, A bill to facilitate and expedite direct refunds to coal producers and exporters of the excise tax unconstitutionally imposed on coal exported from the United States, all provisions ...