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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

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LGUs deserve bigger share from excise tax

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