normal_post - LGUs can maximize its revenue collection - Bohol News Archive Author Topic: LGUs can maximize its revenue collection  (Read 286 times)

  • Webmaster
  • *****
  • avatar_1382_1499847132 - LGUs can maximize its revenue collection - Bohol News Archive
  • Posts: 23637
  • medal1 - LGUs can maximize its revenue collection - Bohol News Archivemedal2 - LGUs can maximize its revenue collection - Bohol News Archivemedal3 - LGUs can maximize its revenue collection - Bohol News Archive
  • NEED A WEBSITE? email me:
    • Share Post
xx - LGUs can maximize its revenue collection - Bohol News Archive
LGUs can maximize its revenue collection
« on: October 21, 2016, 10:57:43 AM »
LGUs can maximize its revenue collection

WANTING to contribute to the pooling of funds crucial for the infrastructure backbone and social services in support of President Gloria Macapagal Arroyo’s economic blue print, the Bureau of Internal Revenue (BIR) asks for cooperation from local government units in this year’s attainment of tax revenue targets.

DISTRICT officer and lawyer Rogelio Balaga showed a data, which popped after the BIR tax compliance verification drive shows that several local government units may have been uninformed in releasing business permits to establishments.

Furthermore, the people could help when they demand receipts from the establishments they are dealing, BIR said. The receipts reflect the transactions and puts in to the government the corresponding duties due the establishment in forms of taxes.

The taxes again go back to the provinces in funds for infra and social services, Balaga explains.

The lapses have caused so much losses to the government, a potential source of funds to finance prioritized rural developments, Balaga shared during the weekly Kapihan sa PIA.

Before establishments could get the mayor’s or local business permits, owners need to secure a BIR compliance certificate, Zenaida Pancito, BIR assistant revenue district officer added during the forum aired live over a local radio station.

In their tax compliance verification drives, the BIR also inspects establishments compliance especially in posting notices and also sees to it that the establishments deals fairly with consumers according to the law. Non compliance means penalties which the establishment is imposed upon, Pancito said.

Published on Oct 15, 2006 by The Bohol Standard Newspaper

Romans 10:9-10
"If you declare with your mouth, Jesus is Lord, and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

Get FREE 500GB cloud storage:

Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

LGUs deserve bigger share from excise tax

Started by on Bohol News Archive

0 Replies
Last post October 22, 2016, 07:23:11 AM

Latest Topics

Ghana and Philippines Energy Cooperation by
[Yesterday at 09:51:35 PM]

Salary increase in Bohol by
[October 12, 2019, 09:51:43 PM]

Bohol governor speaks at Asia Pacific Leaders Forum by
[October 12, 2019, 09:28:48 AM]

Barangay officials meet with Gov Art Yap by
[October 12, 2019, 09:25:04 AM]

Fastcat Cebu-Tubigon Fare Rate by
[October 12, 2019, 09:22:07 AM]

Tubigon-Cebu Boat Schedule Fastcat by
[October 12, 2019, 09:15:39 AM]

Cebu-Tubigon Fastcat Boat Schedule by
[October 12, 2019, 09:13:50 AM]

Fastcat Contact Number by
[October 12, 2019, 09:12:06 AM]

How Much Philippine Politicians Get by
[October 12, 2019, 09:09:10 AM]

Asawa Nabitin sa Kumbate Gidunggab ang Bana by
[October 12, 2019, 07:42:17 AM]

SMF spam blocked by CleanTalk
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2019, SimplePortal