BIR tasked to collect 2T by 15

to fund projects
By Michelle V. Remo
Philippine Daily Inquirer
March 1, 2014


Spend more on:

Infrastructure

Social services
Address tax evasion across sectors
World Bank:
(450B)/year
Annual tax collection for:
1.06T


1.217T

Official Target for 2013 1.25T


2012
2013
The interagency Development Budget
Coordination Committee (DBCC) sets the
macroeconomic and fiscal targets of the
government, including tax collection.

Public infrastructure spending:
Philippines: less than 3%

Average in Southeast Asia: 5%
Purisima: while tax collection has been growing
at a robust pace, there was room to accelerate
revenue growth
Since 2010, 200 tax evasion cases has been filed
some business sectors that reported significant growth
had not been registering commensurate increase in tax
collection
Last Year:
construction by 11.1%

but

aggregate tax payment 7.5% to 5.5 billion
Economic Implications:
public infrastructure spending
social services
GDP
employment



poverty rate
Equitable distribution of resources
Efficiency in the market

Recommendations
BIR should be more strict in auditing various
sectors
Chasing after more people and corporate entities
suspected on tax evasion
Sue BIR employees accepting bribes
Proper allocation of collected taxes

BIR tasked to collect 2T by 15
to fund projects
By Michelle V. Remo
Philippine Daily Inquirer
March 1, 2014
Source:
Remo, M. V. (2014, March 1). Bir tasked to collect 2t by
15 to fund projects. Philippine Daily Inquirer, pp. B2-1.