HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS MOTORING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  • It's D-Day for BIR, tax filers

    THE Bureau of Internal Revenue (BIR) expects thousands of taxpayers to troop to BIR offices and the various authorized agent banks (AABs) to file their income tax returns (ITRs) and pay the correct tax dues today, even as the bureau warned late tax filers of stiff penalties awaiting them for not filing promptly.

    “Our appeal today to all taxpayers to file their ITRs also includes our appeal to them to pay their business taxes correctly and promptly on a year-round basis,” BIR Commissioner Lilian B. Hefti said on Monday.

    “With the taxpayers in our mind today, our endeavor to put into action a national tax administration reform program, which is of immense importance to the bureau, will be made a joint undertaking between them and
    us, as tax collection has always been and will always be a responsibility of enormous challenge involving all of us,” Hefti said.

    Hefti earlier directed all top revenue officials of the Large Taxpayers Group and the Operations Group to maximize their tax information campaign efforts to reach out to all taxpayers across the country in a bid to meet this year’s tax target of P845 billion or 19 percent more than last year’s goal.

    For this year, the BIR has lined up flagship programs to improve and simplify tax administration, all intended to increase tax collections and improve taxpayers services. Among these are a computer-assisted audit program, intensified enforcement activities through tax mapping operations, close monitoring of withholding taxes, strict monitoring of account receivables, nationwide computerization of the revenue district officers, enhancing Third Party Information (TPI), intensified implementation of the RATE (Run After Tax Evaders) program, and continued implementation of the “Premyo sa Resibo” (PSR) project, among others.

    The BIR has time and again addressed issues and problems to the improve filing and payment system in order to do away with numerous complaints from taxpayers against a number of AABs such as nonacceptance of tax payments made over-the-counter (OTC); limiting the number of taxpayers being serviced; nonacceptance of payments from nondepositors, etc. To do this, the BIR provided new float period for all AABs to apply, and this depends on the number of transactions received and processed by the bank, whether made OTC or through electronic filing and payment system (EFPS). “We are confident this year that the AABs will be more cooperative in accommodating taxfilers by accepting and processing income tax returns filed with them by taxpayers, whether client or nonclient,” Deputy Commissioner Nelson M. Aspe said as he disclosed that all AABs and their branches are open until 5 p.m. Tuesday to receive tax payments.

    “We hope that taxpayers today will not again swamp other banks that may cause undue inconvenience to the public in general and affect the collection of taxes of the BIR,” Aspe said.

    OTHER STORIES

    Local wage boards to convene


    Business: inflation hurting labor hurts us


    Despite odds, government must handle both growth, inflation, says DOF chief


    Officials dispute ‘riots’ scenario; more rice arrives from Vietnam


    Government shuns rice tariffs below 12%


    Beware price controls, policy changes


    It's D-Day for BIR, tax filers


    RP, 2 countries urged to grow Islamic banks


    Dell enters consumer market


    One-year T-bill rate up


    CA: Urban Bank case must proceed


    ‘Bare terms of Aramco deal with Ashmore’