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Tuesday, April 18, 2006
Revenue bureau warns delinquent taxpayers
By Victor L. Camion
THE district office of the Bureau of Internal Revenue (BIR) in Dumaguete and Siquijor warned taxpayers that their names would be included in the list of delinquent taxpayers if they failed to meet the deadline for the filing of income tax returns.
Jose Senador, chief of BIR's taxpayers' section, said delinquent taxpayers would be fined a 25 percent surcharge and other 20 percent interest.
"The deadline was supposed to be April, but it falls on a Good Friday, which is why the deadline was moved to April 17," said Senador in a radio interview.
The district office has a total collectibles of P1.034 million from delinquent income taxpayers as of December 31, 2005.
Senador said BIR has held the bank deposits of two of the province's major corporations for failing to pay their taxes.
He did not identify the firms though, but said their combined bank deposits intended for income tax payments totaled half a million pesos.
The remaining over half a million-peso collectibles were the withholding tax payments of employees in both government and private corporations.
Senador explained that the delinquency resulted from pending protests by owners against the total sales of their firms.
But BIR, he said, would not wait for the case to be resolved because a company is obliged to pay its taxes.
The bank deposits were frozen effective March and April this year.
"In most cases, the remittances are lacking because the status of employment is not updated," said Senador.
BIR, however, targeted to collect 90 percent of the total delinquent accounts before the year ends.
The national office gave the district office a quota of P984-million tax collection this year, 13 percent higher than last year's.
The district office overshot its tax collection target last year when it collected P751 million.
(April 13, 2006 issue)
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