Latest Stories

BIR misses January target by 6%

P94.7B in collections up 11.3% from a year ago


The Bureau of Internal Revenue raised P94.74 billion in January, increasing by 11.3 percent from the year-ago collections of P85.15 billion but falling short of the month’s target of P100.93 billion by 6.1 percent.

Based on BIR data released Wednesday, P89.03 billion of January collection accounted for cash. Compared to the cash goal for the month, the intake fell short by 8.2 percent.

The rest of the revenues in January represented P5.71 billion in non-cash inflows such as payments that were made using tax credits.

The higher “sin tax” rates approved by the Congress and signed by President Aquino late last year took effect on Jan. 1 this year.

Last week, government revenue officials said they were boosting efforts to pursue big-league tax cheats as the BIR strives to strengthen itself as a law enforcer.

“Our challenge is not to look for the large taxpayers (but) to look for the large, missing taxpayers,” Finance Secretary Cesar V. Purisima said in a statement. The BIR’s Large Taxpayer Service (LTS) office contributes about two-thirds of BIR collections yearly.

According to the BIR, there were 2,019 large taxpayers who paid a total of P650 billion in 2012 or 64 percent of the agency’s P1.02-trillion cash earnings.

Large taxpayers are corporations that have at least P300 million in capital; multinational enterprises with authorized capitalization of P300 million; publicly listed corporations; universal and commercial banks; taxpayers with an authorized capitalization of at least P100 million and belonging to either the banking, insurance, telecommunication, utilities, petroleum, tobacco and alcohol sectors; and corporate taxpayers engaged in metallic mineral production. All branches of these entities are also considered large taxpayers as well as subsidiaries and affiliates of conglomerates or group of companies already listed as large taxpayers.

For 2013, the LTS is tasked to raise P768.3 billion, which will be 63 percent of the BIR’s cash target of P1.22 trillion. The amount means an 18-percent increase in the LTS’s 2012 collections.

In Malacañang, presidential spokesman Edwin Lacierda reiterated the Aquino administration’s commitment to intensified tax collection efforts by running after tax evaders.

Lacierda said during the regular press briefing in the presidential palace on Wednesday that the BIR has stepped up the filing of cases against tax evaders as part of the government’s commitment to tread the straight and righteous path.

The government has stepped up the filing of cases against tax evaders with 28 new cases filed since November 2012. According to the Department of Finance (DOF), 11 new cases were filed under the Run after Tax Evaders (RATE) program while 17 new cases were filed under the Run after the Smugglers (RATS) initiative.

The DOF and its attached agencies are working with the Department of Justice and the judiciary for the swift resolution of the cases.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Bureau of Internal Revenue , January target , tax collections , taxes

  • CmdrAdobo

    inutil as usual.

  • FILIPINOpatriot4ever

    Missing the target but achieving 11.3% increase in collection compared to the same month last year is great job.

    Looking at the data, the BIR collected P 9 billion more in January 2013 compared to january 2012. That is indeed remarkable!

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Saudi Arabia reports 3 more deaths from MERS virus
  • Suspect in Vhong Navarro’s mauling wants to turn state witness – De Lima
  • Why are Americans obsessed with missing plane?
  • Napoles to have surgery on Tuesday – report
  • Mayor’s assassination linked to black sand mining controversy
  • Sports

  • PBA D-League: Waves edge skidding Superchargers
  • Ilad’s last-second basket lifts Gems over Bakers
  • Reigning champs Miami open playoffs with win
  • Spurs subdue Mavericks in playoff opener
  • Wawrinka beats Federer to win Monte Carlo Masters
  • Lifestyle

  • Miss America: Don’t suspend teen over prom invite
  • Transitions and resurrection in the performing arts
  • ‘Archaeology tour’ of Cebu’s heritage of faith
  • Historic Fort Bonifacio tunnel converted into a septic tank
  • ‘Imports’ from London, and play of the year
  • Entertainment

  • Arrest warrants out vs. Deniece Cornejo, Cedric Lee, et al over serious illegal detention
  • Lindsay Lohan says she had a miscarriage
  • Discovery network cancels Everest jump
  • ‘Captain America’ stays strong atop US box office
  • Easter musings
  • Business

  • Century Pacific Food sets IPO price at P13.75 per share
  • Oil prices down in quiet Asian trade
  • Asian shares mixed in holiday-thinned trade
  • BDO seen keen on bidding for Cocobank
  • Bataan freeport investment pledges up 1,302%
  • Technology

  • PH has slowest internet in Southeast Asia
  • Nintendo’s trailblazing Game Boy marks 25th anniversary
  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Opinion

  • Gigi’s home
  • Palace stonewalls on MRT inquiry
  • Couple of things too
  • There is plenty of water behind Wawa Dam
  • Triduum thoughts of a young boy
  • Global Nation

  • Filipinos in Middle East urged not to panic amid MERS-CoV scare
  • Obama on mission to quiet Asia skeptics
  • Search for Etihad passengers launched
  • Japan presents $57-B ‘dream plan’ to solve Metro congestion
  • Tim Tebow’s charity hospital in Davao seen to open in 7 months
  • Marketplace