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BIR, BOC breach revised 2020 revenue collection target enablePagination: false endIndex: Metro Manila (CNN Philippines, January 8) — The Bureau of Internal Revenue and Bureau of Customs have surpassed their respective collection targets for 2020. The targets for both bureaus, however, were revised by the Development Budget Coordination Committee early into the pandemic last year in light of the economic downturn resulting from the health crisis. Prior to the pandemic, the BIR was expected to collect ₱2.576 trillion in 2020, while the BOC's initial target was ₱731 billion. The governmen...

Philippine government agencies were able to continue the delivery of safe and efficient public service in 2020 despite the Covid-19 pandemic with the help of PayMaya’s cashless platforms. - PDI MANILA (Philippine Daily Inquirer/ANN): The Covid-19 pandemic has accelerated the Philippine government’s digital transformation, with PayMaya leading the charge in enabling national agencies and local government units (LGUs) to accept all kinds of cashless payments and disburse financial aid anytime, anywhere. Over 60 government agencies and units at both national and local levels – including t...

The Bureau of Internal Revenue (BIR) has ordered all its audit offices nationwide to speed up the process of returning excess tax payments to claimants.

MANILA (Philippine Daily Inquirer/ANN): Amid the prolonged Covid-19 quarantine limiting movement of people as well as slowing revenue collection due to the pandemic-induced recession, taxpayers with unsettled dues have been given until the middle of next year to avail themselves of the ongoing delinquencies amnesty as well as voluntary assessment and payment programme (VAPP) for 2018 taxes. In Revenue Regulations No. 32-2020 published on Tuesday (Dec 22), Finance Secretary Carlos Dominguez III and Commissioner Caesar Dulay of the Bureau of Internal Revenue (BIR) extended the deadline for the ...

Published December 22, 2020, 3:28 PM The Department of Finance (DOF) has extended the deadline for the availment of the Voluntary Assessment and Payment Program up to June 30, 2021. Earlier, the DOF also moved the deadline of the tax amnesty on delinquencies for another six months, or from Dec. 31, 2020 to June 30, 2020. VAPP allows delinquent taxpayers to voluntarily settle tax liabilities incurred in 2018 to avoid paying penalties when tax authorities uncovered deficiencies during investigation. The BIR said it has already raised more than P200 million from VAPP. Many of those who availed...