BIR exec respects government’s tax cut

March 12, 2017 at 10:18 pm Leave a comment

By Mortz C. Ortigoza
CALASIAO – Despite the reduction of taxes this year by the Duterte Administration, a Bureau of Internal Revenue’s honcho who has tax goal to beat respects the national leadership’s decision.
RDO-4 Merlyn

CHIEF AND STAFF. Revenue District Office-4 Chief Merlyn Vicente and Assistant RDO-4 Chief Trina Villamil (6th and 5th from left respectively) pose with their staff at the prime and biggest BIR office in Region-1 that supervises two cities and 14 towns in Central Pangasinan. MORTZ C. ORTIGOZA
 Revenue District Office-4 Chief Merlyn Vicente said the planned reduction dubbed as Tax Reform Program which will affect income and corporate taxes has been studied by the government’s economic managers.

“Baka naman may na forecast, napag aralan ng government natin ng administration na kaya. Siguro hindi naman sila nagpo-proceed immediately to that if there is no proper study,” she stressed.
 Economists who favored the program said the reduction jibes with the forecasted six percent Gross National Product for this year.
Vicente understood the economics behind the reduction of the twin taxes that could help stimulate the economy.
“Kung malo-lower iyong income tax so bigger naman iyong nagiging take home  monthly, that will circulate it will (boost economy),” she said.
 “Effect diyan more purchases if there are more purchases more savings on the part of our business tax payers. Ifthere are more sales, there will be more taxable income,” she said.
RD0-4 collected almost P4 billion last year. Every year most RDOs in the country are given a spike of 20 percent tax goal from the previous year’s collection as part of their target. RDO-4 supervises tax collection in two cities and 14 towns in Central Pangasinan – the biggest tax office in the six revenue district offices in Region 1.
 According to Finance Secretary Carlos  Dominguez III, the Tax Reform Package that was approved last January will help the Duterte Administration realize its vision of reducing the poverty level to just 14 percent in the next six years from the present 21.6 percent and free six million Filipinos from the shackles of poverty.

Entry filed under: News.

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