Internal revenue bureau collection registers 15.18% hike-A A +A
Thursday, October 11, 2012
REVENUE collection by the Bureau of Internal Revenue (BIR) in Davao Region from January to September this year reached P6.820 billion, or an increase of 15.18 percent from the P5.921 billion collected for the same period last year.
BIR assistant regional director Mamapok Diro said they are optimistic to surpass their 2012 goal of P7.238 billion in the remaining three months.
"We're very much optimistic. We're giving our best to collect our assigned goal for 2012," Diro said in an interview Tuesday.
Records showed that among the five Revenue District Offices (RDOs) of BIR-Davao, the two RDOs from Davao City posted the highest revenue collection with P4.647 billion.
The city is divided into two district offices: West-Davao covers Baguio, Calinan, Marilog, Toril, Talomo and Tugbok; while East-Davao covers the city's Poblacion areas, Agdao, Buhangin, Bunawan and Paquibato.
The second highest revenue collection was posted by Tagum City with P1.346 billion, followed by Digos City with P534.671 million and Mati City with P290.530 million.
Diro attributed the hike in revenue collection for the first nine months to their office's intensified campaign for taxpayers to pay their taxes on time.
As of August this year, income tax remained the biggest source of collection with P3.968 billion, or 15.87 percent higher compared to P3.424 billion recorded for the same period of 2011.
This is followed by value added tax, which contributed a total of P1.490 billion, higher by 24.64 percent from P1.195 billion in the same period last year.
Diro said tax imposed on documentary stamps, capital gains, sales of real properties also netted some P371.398 million as of January to September this year, up by 15.74 percent than P320.881 million in the same period a year ago.
BIR-Davao also ordered closure to at least two non-paying establishments: one in Davao City and the other in Digos City.
Diro, however, said these two businesses paid immediately their taxes and were allowed to operate again.
Published in the Sun.Star Davao newspaper on October 11, 2012.