BIR, PayMaya deal: ‘Now easier than ever to pay taxes’ | Inquirer Business

BIR, PayMaya deal: ‘Now easier than ever to pay taxes’

By: - Reporter / @bendeveraINQ
/ 03:33 PM February 14, 2020

Ahead of the annual tax-payment deadline in April, the Bureau of Internal Revenue (BIR) on Friday (Feb. 14) launched another way to settle taxes without falling in line, this time through the PayMaya app.

“We are happy to offer PayMaya as a new payment channel where individual Filipino taxpayers can easily remit their taxes, no matter where they are in the country,” BIR Commissioner Caesar R. Dulay said in a statement quoted by PayMaya.

At Friday’s launch, Deputy Commissioner Lanee Cui-David said with the addition of PayMaya to the BIR’s digital tax payment channels, “we are expecting a significant shift in favor of electronic payments and, of course, a significant increase in our revenues.”

Article continues after this advertisement

PayMaya, in a separate statement, said its partnership with the BIR would allow the agency to accept payments from app users “using only their mobile numbers.”

FEATURED STORIES

PayMaya would also allow tax payments using debit, credit or prepaid cards.

“We are proud to be enabling the BIR with new options for card and wallet payments,” said PayMaya. “As more Filipinos go digital, the BIR is opening up secure, convenient and reliable options to the taxpaying public,” it said.

Article continues after this advertisement

“Now, it’s easier than ever to pay your taxes,” said PayMaya chief executive and founder Orlando Vea.

Article continues after this advertisement

PayMaya said taxpayers would enjoy a “cashback” if they settle their dues using the app this month.

Article continues after this advertisement

If PayMaya users used the app to pay taxes on Feb. 15, 16, 22, 23 and 29, they would be given a one-time P100 cashback if their payments were among the first three made during the promo period.

But they have to pay at least P1,000 in taxes through the app to qualify for the cashback, PayMaya said.

Article continues after this advertisement

The Department of Finance (DOF) earlier said the amount of taxes collected by the BIR from payments made online and through apps climbed 92 percent to P1.2 billion in 2019.

The bigger take was due to a 60 percent jump in e-payment transactions to 446,753 in 2019.

Edited by TSB
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: app, BIR, cashback, revenue, taxes

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.