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)
Advertisements

Entry filed under: News.

CORTEZ: Bakit pahirap sa bayan ang gold smuggling? EDITORIAL: Ang kahalagahan ng ‘social media’ sa bagong panahon

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Welcome to Northern Watch Online.You are visitor no.

  • 646,215 since Feb. 10, 2009

Events Watch

sugod agri-expo Photobucket

Last Week’s Cartoon

Photobucket

Day Watch

February 2017
S M T W T F S
« Jan   Mar »
 1234
567891011
12131415161718
19202122232425
262728  
Regional blogs & blog posts
Regional blogs
Media blogs
Opinion blogs
Community blogs

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 1,346 other followers


%d bloggers like this: