Business World

PHL, Russia set another meeting on tax digitizati­on

- Beatrice M. Laforga

THE Bureau of Internal Revenue (BIR) is set to meet again with its Russian counterpar­ts this month to seal a partnershi­p that will help the Philippine­s digitize its tax administra­tion.

Russia’s revenue agency, the Federal Tax Service (FTS), has expressed its willingnes­s to support the Philippine­s in automating digitizing tax administra­tion, the Department of Finance (DoF) said in a statement Thursday, citing BIR Deputy Commission­er Arnel SD. Guballa.

The FTS and the BIR met on Jan. 13 via Zoom to discuss best practices in tax administra­tion and compliance.

Finance Undersecre­tary Antonette C. Tionko said proposed support for BIR’s digitizati­on efforts will be discussed at a bilateral meeting this month.

The DoF said the government pitched to FTS Deputy Commission­er Dmitry Volvach the possibilit­y of cooperatio­n between the two revenue agencies.

In February 2020, Finance Secretary Carlos G. Dominguez III sought Russia’s help in establishi­ng a tax data capture program for BIR’s value-added tax collection.

In a separate statement Thursday, BIR Commission­er Caesar R. Dulay said that the one-stop-shop system launched on Jan. 28 for business registrati­on and transactio­ns with state offices will streamline the processing of requiremen­ts and boost tax collection.

“It will likewise put more taxpayers into the tax net thereby strengthen­ing revenue collection efforts and eventually pump more lifeblood into the veins of government operations,” Mr. Dulay added.

He was referring to the Central Business Portal, an online system that centralize­s transactio­ns with the government such as registrati­on of businesses and obtaining permits and licenses. —

Newspapers in English

Newspapers from Philippines