THE Bureau of Internal Revenue in Davao Region (BIR-Davao) is optimistic that the agency will achieve the P21 billion tax collection target for 2020.
BIR regional director Joseph M. Catapia said the tax collection target was an increase of P3 billion from last years’ P18 billion target.
But he said the amount of business opportunities and construction boom in the city would enable them to hit their target.
“The business opportunity is good here in Davao. Makita mo sa mga construction ng mga buildings, roads, and this means a good business opportunity here in Davao,” he said.
“There is no reason why we cannot meet our target,” he added.
Catapia earlier reported that BIR-Davao has collected P18 billion in taxes last year.
Although the collection is about 8.45 percent or P1.6 billion short of the 2019 target of P19 billion, he said, it has also surpassed the collection in 2018 by 8.64 percent.
Based on their data, the agency had a total tax collection of P16.6 billion in 2018.
He said the agency will also intensify its campaign urging taxpayers, especially the high-income businesses, to increase their voluntary tax payments since it comprised 97 percent of all the tax collection.
The remaining 3 percent comes from their enforcement activities such as audit investigations and sales monitoring surveillance, among others which he will ramp up.
“In my administration as the regional director, [we will be] filing more cases against tax evaders and conducting more sales monitoring and possibly, more Oplan Kandado,” he said.