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BIR upgrades and refunds: agency says filings down in some sectors, Virgin Islands Direct File launched
Summary
The Bureau of Internal Revenue reported declines in individual income tax filings tied to reduced activity in business services and tech, said 15,395 returns had been processed for refunds totaling about $39.9 million, and announced an online Virgin Islands Direct File option for 2024 returns.
The Bureau of Internal Revenue updated the Senate Budget committee Feb. 18 on collections, refunds and IT upgrades, and said new online filing options are being rolled out to help speed return processing.
Director Joel Lee told the committee the bureau has fully processed 15,395 tax-return units ready for refunds totaling about…
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