By Emmie V. Abadilla
Filipinos can soon pay their taxes online, anytime, anywhere using their mobile phones after the Bureau of Internal Revenue (BIR) forged a deal with digital financial service provider PayMaya.
PayMaya account holders can remit their tax payments to BIR through the Pay Bills feature of the PayMaya app.
PayMaya is also working with BIR to extend digital tax payments to other channels, such as through its online portal and its revenue district offices nationwide.
“Having more digital payment options is part of the government’s efforts to drive ease of doing business in the country,” according to BIR Commissioner Caesar Dulay. “Even those who are not within reach of a bank branch can make their tax payments on time, wherever they may be.”
“The efficiency of government services improves when agencies like the BIR open digital payment channels for their constituents,” noted PayMaya Founder and CEO Orlando B. Vea.
The partnership between BIR and the PayMaya supports the state’s initiative to digitize many of its services in order to reach their revenue collection goals, and deliver better public service.
Enabling tax payments via digital payment channels likewise contribute to the goal of the Bangko Sentral ng Pilipinas (BSP) to increase digital transactions to 20% by 2020 under the National Retail Payment System.
The partnership is supported by the E-PESO project of the United States Agency for International Development (USAID), which works with the government and private sector to achieve a 20-fold increase in e-Payment usage for a more inclusive access to financial products.
PayMaya, the digital financial services arm of Voyager Innovations, is the only FinTech company in the Philippines offering integrated consumer and merchant payment solutions with the widest on-ground branch network.
It is the first to give millions of Filipinos an e-wallet for cashless transactions at any time of the day, anywhere in the world, and from any device.