BIR targets to raise collection to at least P2 trillion in 2021

Published December 31, 2020, 12:34 PM

by Jun Ramirez

Fiscal authorities have instructed the Bureau of Internal Revenue (BIR) to raise at least P2 trillion next year.

(MANILA BULLETIN)

This was disclosed by Revenue Deputy Commissioner of Operations Arnel Guballa who said “we have already prepared a game plan to hit the collection target.”

He said this included an intensified tax enforcement operations like Run-After-Tax-Evaders and “Oplan Kandado” programs which primarily led the bureau to breach its P1.69 trillion goal for 2020.

The assignment is more than P300,000 billion higher compared to the 2020 goal of P1.69 trillion.

In fixing the goal, Development Budget Coordination Committee (DBCC) considered the sharp economic recession caused by Corona Virus-19.

Traditionally, the government gets up to 70 percent of its annual budgetary needs from the BIR.

The pandemic, however, led the DBCC to adjust the goal to a more reasonable and realistic level as 75 to 80 percent of commercial and service establishments across the country are expected to declare losses due to the pandemic.

 
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