Land­bank ac­count hold­ers can now pay taxes on­line

The Philippine Star - - BUSINESS - By MARY GRACE PADIN

State-run Land Bank of the Philip­pines launched yes­ter­day an elec­tronic pay­ment sys­tem which al­lows its ac­count hold­ers to pay their taxes with the Bu­reau of In­ter­nal Rev­enue (BIR) on­line.

Land­bank pres­i­dent and chief ex­ec­u­tive of­fi­cer Alex Bue­naven­tura said the ePay­ment plat­form aims to pro­vide Filipinos with a more con­ve­nient way to pay their taxes in­stead of queu­ing in­side Land­bank branches.

“This is a wel­come ad­di­tion to our ar­ray of ser­vices that sup­port the gov­ern­ment’s thrust to­ward pro­vid­ing more con­ve­nient and ac­ces­si­ble chan­nels of pay­ing gov­ern­ment fees. We are pleased to ex­pand our part­ner­ship with the BIR and con­trib­ute to build­ing a stronger plat­form for tax col­lec­tion,” Bue­naven­tura said.

Ac­cord­ing to Bue­naven­tura, about 4.5 mil­lion small tax­pay­ers, with to­tal trans­ac­tion amount of P43 bil­lion, have used Land­bank’s over-the- counter tax pay­ment ser­vice in the first nine months.

Bue­naven­tura also said its on­line pay­ment fa­cil­ity for BIR pay­ments is ini­tially avail­able for in­di­vid­ual and non-in­di­vid­ual tax­pay­ers who main­tain an ac­count with Land­bank.

Even­tu­ally, he said the plat­form would also be avail­able for Banc­net-mem­ber banks and in­ter­na­tion­ally branded cards. He said the ser­vice is also free of charge.

In­ter­nal rev­enue com­mis­sioner Cae­sar Du­lay is en­cour­ag­ing tax­pay­ers to make use of the fa­cil­ity and take ad­van­tage of the faster and more con­ve­nient transac- tions it can pro­vide.

“We en­cour­age (tax­pay­ers) to make use of this fa­cil­ity so they can avoid penal­ties (for late pay­ments). This is for them, and even­tu­ally, for the coun­try if we col­lect enough taxes,” Du­lay said.

Du­lay also ex­pressed con­fi­dence the new fa­cil­ity would help the BIR im­prove its tax col­lec­tions.

Bue­naven­tura

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