Wednesday , May 23, 2018

BIR exceeds target by P600M

CITY OF SAN FERNANDO -- The Bureau of Internal Revenue (BIR)-Revenue Region 4 had exceeded its target for the previous fiscal year by two percent or roughly P600 million with final collections still coming in this January 15.

BIR Region 4 Director Jethro Sabariaga said that the region collected more than P31 Billion which is above its collection target of P30.5 billion.

Sabariaga said the BIR has been implementing aggressive tax campaign measures to keep taxpayers aware of their responsibility and the other services offered by the BIR.

He added that the BIR has been doubling its tax campaign here for the past three months to better reach targets.

Sabariaga said that the collection for the previous fiscal year will greatly impact on their collection momentum this 2018.

He added that the 2018 targets would still need to be factored with the implementation of the Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (Train).

As for the BIR’s efforts this 2018, Sabariaga also appealed to the taxpayers to file the correct taxes and pay their obligations due to the government citing that the taxes would be returned to them in the form of government projects and programs, such as, social and health services as well as vital infrastructure projects.

Sabariaga said that their collection this year is a positive note compared to collections of other revenue regions.

But the regional chief said that they will not sit on this recent achievement as they are set to implement more revenue measures and manpower improvement this coming year.

Sabarriaga said that the program will also include the general program of the region on benchmarking the acceptable performance of certain industries. This will be determined by the records of the taxpayers and their particular location. This means that that there will be benchmarks for different areas in RR4.