BIR, business groups sign agreement to improve tax collection | ABS-CBN

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BIR, business groups sign agreement to improve tax collection

BIR, business groups sign agreement to improve tax collection

Jekki Pascual,

ABS-CBN News

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MANILA - The Bureau of Internal Revenue signed an agreement with business groups to help improve taxpayer services and entice businesses to pay proper taxes.

BIR Commissioner Romeo Lumagui Jr said the partnership will allow the groups to collate data and suggestions among their members and they can share this with the BIR. The bureau, in turn, will also help explain new tax policies to the business sector.

“Magkakaroon ng regular coordination at regular meetings kung saan magkakaroon ng dayalogo, kukunin natin comments nila at suggestions nila on how we can further service their needs as taxpayers,” said Lumagui.

(There will be regular coordination and regular meetings so we can get the groups’ comments and suggestions on how we can further service their needs as taxpayers.)

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Lumagui said with their engagement with different groups- whose members include small businesses and large corporations- they can entice more businesses to pay proper taxes and grow the government’s revenue collection.

The target collection this year is P3 trillion, with P1.6 trillion already collected in the first seven months of the year.

“Kung maganda ang cooperation ng BIR sa mga negosyante, siguradong tataas ang compliance at mas mapapadali natin ang compliance nila at mas ma enocurage sila na magbayad ng tamang buwis,” said Lumagui.

(If BIR’s cooperation with businesses is good, the compliance rate of businesses will surely increase and they will be encouraged to pay the right taxes.)

The groups welcome their partnership with the BIR as they vow to cooperate with the bureau and also urge their members to learn the country’s tax system.

Philippine Chamber of Commerce and Industry President Enunina Mangio said, “The BIR policies, regulations, and strategies are crucial to further enhancing the Philippine business tax system.”

Makati Business Club’s Manolito Tayag said, “Ensuring our obligations to pay taxes are fulfilled accurately, efficiently, and fairly Hence it’s an honor to be working with the BIR through this platform.”

The BIR has renewed its partnership with the Philippine Chamber of Commerce and Industry, Tax Management Association of the Philippines, Management Association of the Philippines, Financial Executives Institute of the Philippines, Philippine Institute of Certified Public Accountants, Association of Certified Public Accountants in Private Practice, Association of CPAs in Commerce and Industry, Philippine Exporters Confederation, and Joint Foreign Chambers of the Philippines.

Three new groups also now signed the partnership, namely the Makati Business Club, the Federation of Filipino-Chinese Chambers of Commerce and Industry, and the Alliance of Tech Innovators for the Nation.

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