The Bureau of Internal Revenue (BIR) is optimistic of hitting its P3.046-trillion collection target next year on the back of more aggressive efforts to curb tax leakages and improve efficiency through digitalization of its services.
THE Bureau of Internal Revenue is optimistic of hitting its P3.046-trillion collection target next year on the back of more aggressive efforts to curb tax leakages and improve efficiency through digitalization of its services.D. Lumagui Jr. said the bureau has already lined-up the measures and programs that it would implement to be able to reach its collection target for 2024, which is P407 billion higher than its P2.639-trillion goal this year.
Under the 2024 National Expenditure Program , the BIR is set to collect about P107.52 billion from new and expanded tax measures next year, including nearly P17 billion from value added tax on digital service providers. Nonetheless, the BIR will fast-track its digitalization efforts with the goal of cutting by half the number of physical transactions done at its offices before the year ends, Lumagui said.
“Hopefully we can reduce the physical transactions by half. The problem is that even if online services are available, sometimes the taxpayers still want to go to our offices and refuse to use the online services because they are still comfortable [transacting] with people [physically],” he said.
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