Connect with us

Business and Economy

Dulay sees BIR hitting P1.83-T revenue target

Published

on

FILE: Dulay said they are trying their best to meet the target "with the cooperation of taxpayers." He admitted that revenue collection is "very tight" but pointed out that "the regions are doing very well." (Photo: Bureau of Internal Revenue of the Philippines/ Facebook)

FILE: Dulay said they are trying their best to meet the target “with the cooperation of taxpayers.” He admitted that revenue collection is “very tight” but pointed out that “the regions are doing very well.” (Photo: Bureau of Internal Revenue of the Philippines/ Facebook)

MANILA — Bureau of Internal Revenue (BIR) Commissioner Caesar Dulay is optimistic of hitting the agency’s PHP1.829 trillion 2017 collection goal with greater cooperation from taxpayers and strengthened collection by regional offices.

He said they are trying their best to meet the target “with the cooperation of taxpayers.” He admitted that revenue collection is “very tight” but pointed out that “the regions are doing very well.”

“They are really working hard,” he told reporters Thursday.

Bureau of the Treasury (BTr) data show that as of end-August this year, BIR registered a 9 percent year-on-year uptick in collections to PHP1.157 trillion from year-ago’s PHP1.058 trillion.

Dulay’s optimism is partly due to the initial outcome for September. “We had a very good month in September. Our growth is…we have 97 percent collection,” he said.

The BIR chief also cited the impact of the tie-up with the Land Bank of the Philippines (Landbank).

On Thursday, BIR and Landbank officials announced the program that allows Landbank savings and current account holders to pay their taxes online through the Landbank LinkBiz Portal.

Taxpayers first need to enroll their eBIRForms through the BIR website. After this, they need to visit the Landbank website and access its e-Banking tab, where they can see the tab for the LinkBiz Portal.

Landbank president Alex Buenaventura, in an interview by journalists at the launching, said they will eventually expand the program to all Bancnet card holders.

He said that Landbank accepts BIR payments over-the-counter and the volume payments from January to September this year has reached PHP43 billion.

“These people are the ones who will benefit from this program because they don’t have to go to Landbank branches anymore just to pay their taxes,” he said.

Buenaventura said tax payments made through this mode will be posted real time. Dulay hailed the benefit of this program in boosting BIR’s revenue collections, citing that the agency is ready to address any eventualities.

“We encourage them (taxpayers who are Landbank account holders) to make use of this facility so they can avoid the penalties (for late payments),” he added.

BIR collects around 70 percent of government revenues. The agency has strengthened its revenue collection to ensure that government programs get the necessary funding, particularly those for infrastructure projects. (PNA)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle3 weeks ago

When Family Ties Break: Learning to Live With Estrangement

There was a time when the idea of becoming estranged from your own family seemed almost unthinkable. Family was family....

Headline1 month ago

A Day In My Life

There was a time when I thought a fulfilling life had to be busy to be meaningful. Now, I think...

Headline2 months ago

Letting Go with Love

There is a particular kind of heartbreak that comes with watching your child grow up. It isn’t the heartbreak of...

Headline2 months ago

Living With Anxiety: The Invisible Weight We Carry

There are illnesses we can see, and then there are the ones we learn to hide. Anxiety is often one...

Headline3 months ago

The Art of A Slow Weekend

We live in a world that glorifies being busy. Some people wear exhaustion like a badge of honour. Calendars are...

Headline3 months ago

Why We Chose an Intimate Wedding — And Why More Couples Are Doing the Same

Every wedding anniversary takes me back to one of the most magical days of our lives and reminds me why...

Headline3 months ago

Celebrating Turning 58

Birthdays have a way of making us pause—not to count the years we’ve lived, but to appreciate the countless blessings...

Lifestyle4 months ago

The Painful Reality of Losing Someone

Recently, I experienced the painful reality of losing someone through others. One friend lost her fiancé to death, while another...

Headline4 months ago

The Sobering Reality of Growing Old

Growing old brings a sobering reality: time is finite.  You watch your body slow down, see your parents age, and...

Lifestyle5 months ago

Dr. David Suzuki’s Legacy: A Celebration at 90

Celebrating Dr. David Suzuki’s 90th birthday on Friday, May 22  was a true privilege and a great pleasure! My husband,...