BIR, BOC anti-corruption efforts need P2-B


Posted at Aug 11 2011 11:21 AM | Updated as of Aug 12 2011 12:40 AM

MANILA, Philippines - The 2 tax collection agencies in the country will need P2 billion in funds for next year to pursue anti-corruption efforts.

Based on the budget proposal submitted to the House of Representatives, the Bureau of Internal Revenue has proposed a P1.1 billion allocation for its Tax Administration Computerization Project.

The Bureau of Customs, on the other hand, needs P740 million, a large chunk of which is for the On-Line X-ray Imaging System and the Petroleum Inventory System.

The first one aims to distribute and share captured images and information from two pilot sites, the Port of Manila and the Manila International Container Port.

The Petroleum Inventory System project, on the other hand, aims to monitor the movement and inventory of petroleum imports. A big portion of BOC revenues come from oil levies.

The BIR's total proposed budget for 2012 is P6.696 billion, up from this year's budget of P5.713 billion. The BOC's proposed budget for next year is P2.564 billion, up from this year's budget of P1.766 billion.