16% hike in BIR collections eyed in Mindanao

THE BUREAU of Internal Revenue (BIR) is targeting to hit P80 billion in revenues this year in Mindanao, 16% higher than what was collected in the island last year.

“I know Mindanao is very close to the heart of President Rodrigo R. Duterte. We are approaching to you as partners in nation’s development to help us attain this goal,” said BIR Commissioner Caesar R. Dulay said on Monday in the Tax Campaign Kickoff at Davao Convention Center.

The campaign was attended by taxpayers in the region, which urged them to file their income tax returns on or before April 15.

Dulay said the increase in collection in Mindanao, which is expected to come from the better economic climate, will help attain their national target to generate P1.829 trillion this year, an increase from P1.567 last year. In Davao Region alone, he said it should contribute P20 billion in revenue collections this year.

Data from BIR XI showed that the target is higher from its actual collections last year at P16.9 billion.

BIR XI regional director Nuzar N. Balatero said they are optimistic to achieve the target, noting  the continuous improvement in the economic growth of the region. He said they hoped to replicate the performance last year when they achieved an increase in collections by 18.15% compared in 2015 at P14.3 billion.

Though the regional office was able to increase its collections, data from BIR XI showed that it, however, still fell short from its target to attain P20.2 billion last year. This was similar to the national figures when the entire BIR was short from achieving the target of P2 trillion as the agency only collected P1.567 trillion last year.

Despite this, Dulay said they are optimistic to achieve their target this year following on the reforms that they implement. “We are continuously trying to streamline our procedures. One of our reforms is to address the need to have ease of doing business,” he said.

Dulay said the processing time for the issuance of tax clearances and certificates authorizing registration has now been shortened to two-five days. He said they also reduced the documentary requirements as applicants will now only have to submit a duly accomplished and notarized application with two pieces of documentary stamp tax and a printout of certification fee.

“We continue to streamline the process all in the interest of serving the public,” Dulay said.

Posted in Business