BIR sets goals for regional offices; Makati told to collect P821B
THE Bureau of Internal Revenue (BIR) has released the collection targets for its various regional offices, led by its Makati operation, which has been set a goal of P129.51 billion.
According to Revenue Memorandum Order No. 2-2020 dated Jan. 15 issued by Commissioner Caesar R. Dulay, the agency’s 19 implementing offices this year are tasked to collect a total of P821.935 billion, or about 31% of the BIR’s P2.576 trillion revenue goal for the year.
The next-largest target set for a regional office was P123.7 billion for its South NCR branch.
The Bureau’s overall full-year target includes a projected P90 billion in additional revenue generated by higher excise taxes imposed by the Tax Reform Acceleration and Inclusion (TRAIN) Act.
The overall target includes P1.673 trillion for the large taxpayers service, P453.58 billion from excise taxes, P66.528 billion from final withholding taxes on bank deposits, P7.57 billion from Malampaya and P10 billion from tax administration upgrades.
The non-BIR operations category is projected to raise P80.8 billion, including withholding taxes on deposits and documentary stamp taxes on government securities.
Other regional offices with top collection targets were Quezon City (P96.43 billion), East NCR (P90.15 billion), City of Manila (P57.24 billion) and the so-called Cabamiro office, covering Cavite, Batangas, Mindoro and Romblon (P47.46 billion).
Meanwhile, those with collection targets of P10 billion or less were Butuan City (P5.74 billion), Cordillera Administrative Region office (P6.98 billion), Zamboanga City (P7.26 billion), Eastern Visayas (P8.06 billion) and Koronadal City (P9.45 billion).
The Department of Finance (DoF) reported earlier that BIR, the country’s largest tax-collecting agency, missed its target by 6.8% last year, collecting P2.172 trillion against a P2.33 trillion goal.
The BIR’s 2019 performance beat the 2018 total by 10.67%.
BIR collections accounted for 77.57% of government revenue last year. —