Political campaigns to boost tax collection - BIR
by Ben Moses Ebreo
Bayombong, Nueva Vizcaya (February 11) -- The campaign among political candidates in the coming May polls will boost the tax collection of the Bureau of Internal Revenue (BIR) in the country this year.
Lawyer Maribel Utit said politicians during the electoral exercises serve as withholding agents of the government here they have to settle their financial obligations to the government through their taxes paid directly to the BIR.
She said political candidates are mandated to remit to the BIR 5 percent of their total expenditures during the campaign period which runs from February 9 to May 8 for national candidates and March 26 to May 8 for local political candidates.
"This will be one of the major factors for our tax collection this year. We hope that we can achieve this through their help in paying our proper taxes on time," she said.
Utit also added that they will work hard in surpassing their goal by focusing on intensified tax campaigns utilizing the programs, projects and other innovations of their agency. (PIA NVizcaya) [top]