The Bureau of Internal Revenue (BIR) has instructed all its collection offices to raise at least P2.438 trillion this year to support the national outlay of more than P5 trillion.
BIR Commissioner Caesar R. Dulay issued Revenue Memorandum Order No. 16-2022 distributing the collection goal among the agency's three major implementing offices.
The large taxpayers service (LTS) which handles the investigation of big businesses like multinationals and inter-related companies got the lion share totalling to more than P1.5 trillion and the balance of P864 billion is shared among 19 revenue regions and 115 district offices under them.
The collection goal, fixed by the Department of Finance, was roughly 17 percent, or P352 billion higher over the actual take in 2021.
The bulk of the projected collection amounting to P1.1 will come from income tax, P501 billion from value-added tax, P348 billion from excise tax, P136 billion from percentage tax and P205 billion from other taxes
The bureau also expects to raise additional revenue of P68 billion from so-called non-operational sources like documentary stamps tax and withholding taxes from the sale of bonds and treasury notes.
Among the regional offices which got the highest allocations are South NCR, P144 billion; Makati, P129 billion; East NCR, P96 billion and Quezon City, P95 billion.