Gov't prunes BIR collection goal to P2.26 T
Published Apr 29, 2020 12:00 am
By Jun Ramirez
Fiscal authorities have adjusted downward the 2020 collection goal of the Bureau of Internal Revenue (BIR) to P2.260 trillion as the economy has been sustaining severe blows from the coronavirus pandemic.
BIR Commissioner Caesar Dulay (MARK BALMORES / MANILA BULLETIN FILE PHOTO)
Revenue Commissioner Caesar Dulay said the amount is roughly P289 billion, or 11.5 percent lower than the original goal of P2.495 trillion
The Development Board Coordinating Council (DBCC) has decided to readjust the target to a more realistic level after reviewing and evaluating the devastating effects of the lethal disease on the economy.
In signing Revenue Memorandum Order No. 12-2020, the BIR chief assigned the bulk of the goal totaling to more than P1.4 trillion to the Large Taxpayers Service which handles the investigation of the 3,200 top corporations.
The balance of P725 billion was distributed to 19 revenue regions with the four regional offices in Metro Manila getting the lion share.
Makati and the South National Capital Region (NCR) got P114.4 billion and P109.3 billion, respectively.
Quezon City was assigned P85.2 billion while East NCR, P80 billion.
The relatively new South NCR region, formerly attached to Makati region, is composed of the cities of Pasay, Taguig, Paranaque, Las Pinas and Muntinlupa.
On the other hand, East NCR which was used to be part of the Quezon City region is made up of San Juan City, Pasig, Mandaluyong and the whole province of Rizal.
Records showed the BIR raised only P488 billion from January to April 17 this year which was about half of its target for the period and even less than P226 billion compared to actual take for the same period last year. (Jun Ramirez)#
BIR Commissioner Caesar Dulay (MARK BALMORES / MANILA BULLETIN FILE PHOTO)
Revenue Commissioner Caesar Dulay said the amount is roughly P289 billion, or 11.5 percent lower than the original goal of P2.495 trillion
The Development Board Coordinating Council (DBCC) has decided to readjust the target to a more realistic level after reviewing and evaluating the devastating effects of the lethal disease on the economy.
In signing Revenue Memorandum Order No. 12-2020, the BIR chief assigned the bulk of the goal totaling to more than P1.4 trillion to the Large Taxpayers Service which handles the investigation of the 3,200 top corporations.
The balance of P725 billion was distributed to 19 revenue regions with the four regional offices in Metro Manila getting the lion share.
Makati and the South National Capital Region (NCR) got P114.4 billion and P109.3 billion, respectively.
Quezon City was assigned P85.2 billion while East NCR, P80 billion.
The relatively new South NCR region, formerly attached to Makati region, is composed of the cities of Pasay, Taguig, Paranaque, Las Pinas and Muntinlupa.
On the other hand, East NCR which was used to be part of the Quezon City region is made up of San Juan City, Pasig, Mandaluyong and the whole province of Rizal.
Records showed the BIR raised only P488 billion from January to April 17 this year which was about half of its target for the period and even less than P226 billion compared to actual take for the same period last year. (Jun Ramirez)#