DoF says on track to hit revenue goals - BusinessWorld Online

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THE NATIONAL Government is on track to meet its revenue targets this year, although the Bureau of Internal Revenue (BIR) has to collect more in the second half, Department of Finance (DoF) Secretary Benjamin E. Diokno said.

THE NATIONAL Government is on track to meet its revenue targets this year, although the Bureau of Internal Revenue has to collect more in the second half, Department of FinanceMr. Diokno met with officials of the BIR and the Bureau of Customs , the top revenue collection agencies, on Friday.

The BIR’s collection goal is set at P2.43 trillion for this year, but revenues stood at P959 billion as of end-May. Asked about his marching orders to the BIR and BoC, Mr. Diokno said he urged them to collect taxes “efficiently and fairly.” BIR chief Lilia C. Guillermo last month said she would enforce the collection of the unpaid estate tax, as ordered by the courts. She said the Marcoses would become “role models” if their unpaid estate tax was settled.

 

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