BIR Capiz posts higher tax take in 1st 10 months
Roxas City -- The Bureau of Internal Revenue (BIR) in Capiz has raked in more than P325 million over a 10-month period. Information Officer Ma. Gracia Balgos disclosed that from January to October this year, the agency's total collection reached more than P325.290 million.
Last year's collection during the same period was only more than P282.620 million, Balgos said, pointing out that there is more than P42.67 million hike in revenue collection this year.
Bagos said that last month's revenue collection was more than P32.293 million which is higher than their target of PP32.112 million for said month.
According to her, there is more than P7.019 million increase in revenue collection in October this year compared to their collection in the same month last year which was only more than P25.273 million.
The revenue collection arms of the government have been stepping up their tax administration programs, including the adoption of technology-based measures to strengthen collection efficiency.
Recently, BIR Capiz has launched here the Nationwide Rollout of Computerized Systems (NRCS) as part of the national goal to stamp out tax cheats. The initiatives of the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) aim to ensure that the government will remain on track with its revenue target and goal of having a zero budget deficit by the end of next year.President Gloria Macapagal-Arroyo earlier said that the government is determined to go after tax cheats and prosecute them, stressing that there would be no "sacred cows" in the campaign against tax evasion.The country was able to meet the challenges of collecting more revenues, cutting down tax cheats, strengthening the peso and moving the stock market, the President said, reassuring the public to invest the gains in revenue in human and physical infrastructure. (PIA)