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BIR exceeds 2020 tax collection goal By TED CORDERO, GMA News Published January 26, 2021 2:00pm The Bureau of Internal Revenue (BIR) has exceeded its tax collection target for 2020 despite the challenges brought by the COVID-19 pandemic. In a statement, BIR Commissioner Caesar Dulay said the taxman collected a total of P1.94 trillion last year, surpassing its goal of P1.69 trillion by P255.19 billion. The BIR exceeded its target by 15.14% in January to December 2020 — the highest percentage ever recorded in the bureau’s history for the past two decades. “It’s the first time ...

Published December 15, 2020, 2:36 PM The Bureau of Internal Revenue (BIR) has collected additional taxes from commercial establishments that were padlocked earlier for failing to either register or pay the correct amount of tax. In a statement, BIR Deputy Commissioner Arnel Guballa said they have collected a total of P582.5 million in taxes in January to November 2020 from erring 196 commercial establishments that were padlocked by the agency. Guballa said the bureau raised additional P34.5 million in taxes last quarter from another 18 commercial establishments it padlocked under Oplan K...

(MANILA BULLETIN) In a report to Finance Secretary Carlos Dominguez,  BIR Deputy Commissioner for Operations Arnel Guballa said most of them were allowed to resume operations after paying the tax liabilities, plus interests and surcharges. Guballa said the closure was carried out under agency’s Oplan Kandado Program. The Tax Code authorizes the BIR to close a commercial establishment if caught under declaring sales by 30 percent and more. He said 743 businesses paid last year more than P1.9 billion for the same violations, mostly for under declaration of sales in a bid to reduce income and...