CITY OF SAN FERNANDO - The Bureau of Internal Revenue (BIR) regional office here said Monday it will order its field inspectors to look into the year-end inventories of businesses in Central Luzon.
BIR Regional Director Romulo Aguila told Sun.Star Pampanga that the move is in accordance with the BIR's objective of streamlining tax collection for this year and to ensure that companies "are reporting the correct level of unsold goods."
He said a database for the stock inventory of firms would ensure that companies are also declaring the right amount of taxes.
The move is also in preparation for the filing of income tax returns of firms this month.
"The inspectors will be guided by a guideline and will be asked to wear uniforms and to take the inspection with outmost politeness,"
Aguila said, adding that for the initial implementation of the program, the BIR would be raffling off possible establishments to undergo the needed inspection.
The program, according to Aguila is aimed at improving the collection of taxes this year. The tax bureau is required to collect P798.5 billion in 2009 and P875.1 billion for 2010. As of November, the tax bureau collected P681.9 billion, down from P721.6 billion a year earlier. The shortfall climbed to P56.5 billion during the period.
But despite this, the regional collection of the BIR remains strong.
Aguila said that they are set to release their year-end report this January wherein the BIR regional office was able to hit a positive mark in their tax collection.
"The outcome have been very positive, though we are still consolidating reports, we are set to hit the mark of a P12 billion collection for 2009. The 2010 target goal is also very optimistic for us," he said.
This year, the BIR regional office will continue to apprehend delinquent taxpayers through its Oplan Kandado program.