BIR expects bigger tax collection this year
Tabuk City, Kalinga (20 February) -- The Bureau of Internal Revenue (BIR) here projected that revenue generation in the province this year will gain a momentum as the beginning month realized bigger tax collection compared to the same period last year.
Revenue District Officer Dr. Conrado Tangkia revealed that tax collection in January this year generated P27 million compared to P19M last year or a 44% increase during the same period.
"We are glad tax payers are complying with their obligation towards government," he said.
BIR is calling on the public to support government in its campaign on revenue generation. "We should not be left alone in this campaign on revenue generation, Tangkia said adding that BIR hopes their collection increase this election year particularly the first quarter months of the campaign period.
The campaign "Iboto mo Kandidato na Nagbabayad ng Buwis na Wasto" was able to register 33 candidates as withholding agents. Under this campaign, candidates automatically deduct from their purchases of campaign paraphernalia the 5% withholding tax and remit directly to BIR," Tangkia explained.
Last year, Kalinga was the highest in collection against over-all goal in the Cordillera region. "Compared to goal, the district overshoots its target by P15 million or 8.42% from P184 million goal to P199 million," he said.
BIR attributes the good collection on the continuing tax education campaign in the far flung areas. Dialogues with businessmen and bookkeepers also helped, Tangkia said adding that they also sent memos to local government units not to issue mayor's permit to operate business if entrepreneurs have not paid yet the necessary taxes.
"We will continue to coordinate with LGUs and national government agencies on the enforcement of withholding taxes which is the bulk source of the revenue district's collection. (PIA) [top]