THE combined collection of the government’s tax agencies posted double-digit growth in November 2024, according to the Department of Finance .
“Rest assured, we are working nonstop to strengthen the efficiency, transparency and integrity of our tax system to inspire trust and compliance among our taxpayers,” Finance Secretary Ralph G. Recto said. DOF noted that the growth in tax collection is higher than the expected growth in nominal GDP for 2024 of 9.1 percent.The DOF said the higher tax collection was driven by the BIR’s Digital Transformation Program. Out of the 27 projects in the program, 16 have already been completed by the end of November 2024.
Through the Enhancement of Electronic One-Time Transaction System, the BIR issued 33,198 Electronic Certificates Authorizing Registration from January to November 2024. This corresponded to P4.37 billion in collections. The BIR also implemented its Run After Tax Evaders program, which resulted in four RATE cases being filed with the Department of Justice in the 11-month period, with estimated total tax liabilities of P564.93 million.
The BOC also forfeited 21 containers of seized frozen mackerel worth P178.5 million, which was donated to 150,000 families in marginalized communities to ensure food security for Filipinos.
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