Latest Stories

BIR misses 11-month goal by just 0.7%


The Bureau of Internal Revenue collected P92.7 billion in November, bolstering hopes that the full year-goal could still be achieved despite the agency missing some monthly targets.

But documents from the BIR showed that November collection was 2.4-percent lower than the P95-billion goal for that month. On the other hand, last month’s yield was 12.5-percent higher than the P82.4 billion collected in November 2010.

This brought revenues in the 11 months to November to P854.5 billion, missing the target of P860.3 billion by 0.7 percent. Compared to the year-ago level of P753.3 billion, the 11-month revenues were up 13.4 percent.

Internal Revenue Commissioner Kim S. Henares said in a statement that the agency’s performance so far shored up hopes that the target of P940 billion for 2011 could still be met.

“The [shortfall] may seem small in percentage terms, but my people at the BIR are fully focused on recouping the P5.8-billion deficit by the end of December,” she said.

In a related development, the BIR has issued a new regulation that takes back the mandatory nature of a new portion of income tax returns, which asks for information on taxpayers’ extra income.

Revenue Regulation No. 19-2011, signed last Dec. 9, says filling up the “supplemental information” part of BIR forms 1700 and 1701 was now optional.

BIR form No. 1700 is for taxpayers who earn purely from compensation while 1701 is for the self-employed. A third form, 1702, is for non-individuals like corporations and partnerships and does not ask for the supplementary information.

RR 19-2011 amended Revenue Memorandum Circular No. 57-2011, signed last Nov. 25, which said that providing the additional data was optional for 2011 filings but mandatory for 2012.

In turn, RMC No. 57-2011 amended RMC No. 40-2011, which was signed last Sept. 5 and did not mention anything about being optional.

Also, the latest regulation formalized the results of a hearing at the House committee on ways and means held last week, during which Henares—along with Finance Secretary Cesar V. Purisima—bowed down to pressure from lawmakers for the BIR to recall RMC 57-2011.

In the latest version of forms 1700 and 1701, the taxpayer is told that filling up of the supplemental information portion was optional and that “the figures placed therein should be properly documented and/or substantiated.”

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: BIR , Business , tax collection , taxes

  • Anonymous

    Congratulations BIR!!!! Ms. Kim God bless you and continue the upward trends….this is how the government should work….

  • Anonymous

    kaya pagtritripan nio mga OFW at ordinaryong kawani sa kanilang SSS at Pagibig contribution. lintek kau..

  • Anonymous

    Henares, go after the big fishes…Si angara dami yan properties..si corona pati un ibang kabarilan ni PNoy…Si MMDA Tolentino dinig ko sobra yaman niyan

  • Anonymous

    Congrats to BIR for generating P 854 Billion! they exceeded last year’s collection P753 B in the same period.

  • Anonymous

    BIR employees should get higher compensation, I still have faith that when you pay Filipinos a just wage, they will perform an honest job. Make their salaries at par with those of the Senate/Congress.


      Ha, lalo lang lalaki ang tong ng nga ahente nila, malapit na naman ang pasko.

  • http://twitter.com/arvinic Arvin Acosta

    But at least, seryoso ang BIR sa pagtugis sa tax evaders. Kahit dito sa amin. Next year sana mas marami pa makolekta. Ang pananaw ni GMA noon taasan ang tax, ang kay PNoy ay singilin lahat. So mas madami nakolekta kahit di taasan ang tax, basta lahat ay magbayad.

  • Anonymous

    madali lang ma-achieve ang goal na iyan kung hihigpitan ninyo ang mga ahente ng sasakyan, real estate ang mga CPA firm at mga employee ng BIR mismo. ganito kasi iyan sila ang nagtuturo sa mga filer how to avoid paying more taxes para sila ang makinabang at pomogi, isa pa iyong mga CPA na makapirma sa tax return ay mga patay na, imposible di niyo alam ang mga raket na iyan

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


  • Malaysia, Flight 370 relatives talk financial help
  • Celebrating Easter and creativity in New York
  • Man wins half marathon, dies in Argentina
  • Clouds to bring slight relief from summer heat
  • Canadians rally to legalize marijuana
  • Sports

  • Reigning champs Miami open playoffs with win
  • Spurs subdue Mavericks in playoff opener
  • Wawrinka beats Federer to win Monte Carlo Masters
  • Ageless Hopkins pitches 50-50 Mayweather deal
  • Goodbye MGM, Las Vegas for Pacquiao?
  • 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

  • ‘Captain America’ stays strong atop US box office
  • Easter musings
  • Solenn in shorts
  • Unmerry mix of attention-calling moves on ‘Mini-Me’ TV tilts
  • Persistence pays off for The 1975
  • Business

  • BDO seen keen on bidding for Cocobank
  • Bataan freeport investment pledges up 1,302%
  • Golden Week
  • Bourse to woo Cebu stock mart investors
  • Supper power
  • Technology

  • 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
  • Facebook rolls out ‘nearby friends’ feature
  • 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

  • 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
  • OFW died of Mers-CoV in Saudi Arabia, says family
  • Marketplace