The Bureau of Internal Revenue said it was able to surpass its collection target of P445.535 billion, and increased its collection by more than 24 percent, in the first two months of this year.
As of Feb. 2024, the Bureau was able to collect P446.423 billion (net of tax refund), which is higher by P87.335 billion, or 24.32 percent, compared to tax collections for the same period last year.
The BIR’s collection target was set at P3.055 trillion for this year, which is higher than the CY 2023 actual collections by 21.38 percent, or P538.182 billion.
BIR Revenue Region (RR) No. 12, headed by regional director Mary Jane Asuncion, who led the tax campaign kickoff in March at SM City Bacolod, said RR12 has about P18 billion target, out of the P3.055 trillion nationwide goal.
Of the P18 billion, the collection target for BIR Revenue District Office (RDO) 77, which has jurisdiction over taxpayers in the cities of Bacolod, Talisay, and Silay, and the towns of Murcia and Don Salvador Benedicto, could likely increase by 23 percent, or up to P9.471 billion, after it collected P7.7 billion in 2023, Revenue District Officer Linda Baunto earlier told the Negros NOW Daily.
BIR Commissioner Romeo Lumagui Jr. said in a statement April 11 that “with the continuing intensification of the Bureau’s tax enforcement activities, specifically on the campaign against sellers and buyers of fake receipts, and with our concerted efforts to deliver excellent service to taxpayers through our digitalization projects and ISO certification of the BIR’s frontline processes, we hope to encourage and increase voluntary compliance from our taxpayers.”
He also urged taxpayers to avoid the rush, by filing and paying their 2023 annual income tax on or before April 15, Monday. “Let us all be responsible taxpayers. Sa tamang buwis, pag-asenso’y mabilis.” ||
