BIR overshoots collection goal anew for the first nine months of 2010

LEGAZPI CITY- The Bureau of Internal Revenue (BIR) Bicol regional office here has overshoot its collection goal for the first nine months of 2010 by P339,591,646.52 or 10 percent of the collection goal of P3,307,396.000.00.

BIR Bicol Regional Director Diosdado Mendoza said that the government tax collection agency seven revenue district offices collected ten percent more or P339,591.646.52 over their goal for the period.

Mendoza said that the collection was P724,344,719.43 over the same period last year or 24 percent over the 2009 collection.

He added that during the last three years BIR Bicol has continually surpassed its tax collection goal and he remains optimistic that this year’s P4.7 billion tax collection goal will again be met.

The BIR regional director also disclosed that they have recently filed a criminal case against an official e of the Philippine Deposit Insurance Corporation (PDIC), the chief liquidator of the recently closed G7 bank for his failure to submit books of accounts and other accounting records it required to be submitted to be able to determine the tax liabilities of the closed bank for the year 2007 to 2008.

He averred that they are currently studying the filing cases against some large tax payers in Bicol who failed to pay their correct taxes for the previous years in line with the directive of BIR Commissioner Kim Henares.

Mendoza said that the tax agency is now allowing tax payers who failed to pay their correct taxes can amend their tax return without penalties and surcharges and pay the right amount through the new abatement program of the BIR under the Revenue Regulation 9-2 of 2010.

He said that the deadline for the filing an amended return is on Friday October 29.2010.
He warned that after the deadline they will go after the tax cheats. (Ed de Leon)