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PIA Press Release

BIR Quirino surpasses 2009 collection

by Thelma C. Bicarme

Cabarroguis, Quirino (18 June) -- The Bureau of Internal Revenue- Revenue District Office 16 has reported that it has registered a collection of P130,771,835.81 from January to May 2010 surpassing its 2009 collection of the same period by P64,540,654.55 or by 97.45%.

Assistant Revenue District Officer Vivian V. Tarectecan said the biggest bulk of the collection came from income and value-added tax (VAT) with P74,995,192, followed by income taxes with P47,960,924.39, excise tax with P3,847,749.19, percentage tax with P1,790,332.45 and other taxes with P2,177,637.78.

Tarectecan disclosed that the tax remittances from infra agencies increased by P43,237,337.03 or 136.15% but the district is struggling to improve its percentage and excise taxes.

"We hope to increase our collection performance by employing tax initiatives, such as appeal to individual taxpayers for the review of their income tax statements," she said.

Noting the low tax collection from the business sector despite the booming business industry in the province, Tarectecan said she has met with the accountants and bookkeepers for individual business operators and urged them to make a thorough review of their clients' income tax statements.

"I am also encouraging the consumers to demand receipts because this will bring in additional revenue through the enforcement of the ideal income tax rate of two percent on annual gross receipts," she said.

The BIR assistant chief said their office will be coordinating with the Commission on Elections (Comelec) regarding the inventory of campaign contributions and expenditures of the candidates in the 2010 elections.

Under Revenue Regulation 8-2009, Project Iboto, a 5% withholding tax on the campaign expenditures and contributions will be imposed to the supplier who rendered services or products for the campaign of the candidates.

The assistant revenue district officer has also announced that another BIR measure to improve tax collection is the increase of zonal valuations wherein some appraisers will be tapped to help determine proper zonal valuations of the lots in the province.

"A public hearing on the increase will be conducted to inform the taxpayers about the new tax measure," Tarectecan said. (PIA 2) [top]

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