BIR eyes large taxpayers for collection increase

February 27, 2017 at 6:40 pm Leave a comment

DAGUPAN CITY) – The Bureau of Internal Revenue (BIR) is bent on increasing its revenue collection by concentrating on the large taxpayers group.
Rowel Custodio, revenue officer of BIR Revenue District Office No. 4 based in Calasiao town, said large taxpayers in the country only number 2,320 but contributes to at least 62 percent of BIR’s total collection. 
He said the government will shift focus expanding this particular group.
Custodio said this is based on the Italian economist Vilfredo Pareto ’s Principle to “exert effort to the 20 percent of the population that could generate 80 percent of the collection.”
“Mangilan-ngilan lang ang mga large taxpayers pero mahigit kalahati ng koleksyon sa buwis ay nanggagaling sa kanila,” Castillo said during the ‘Pantongtongan Tayo’ radio program of the Philippine Information Agency.  

Custodio  said BIR in Region I follows this same principle and is now classifying its taxpayers in the region particularly the medium-sized business tax payers, which, he said are smaller than the large taxpayers but definitely bigger than the small scale enterprises.
In 2016, RDO 4 has collected  roughly P3.3 billion in taxes. It targets about P4-billion this year through its campaign on voluntary paying of taxes.
“The payment of taxes must come from the heart. It must always be  voluntary,” Custodio said. (VHS/PIA-Pangasinan)

Entry filed under: News.

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