Camarines Norte BIR bares tax campaign accomplishments

by RB Manlangit

Daet, Camarines Norte (22 January) — The Bureau of Internal Revenue (BIR) Revenue District 64 office collected a total of P355 million last year, short of the P439 million target for the same year.

Revenue District Officer Marcelino M. Quito explained that the deficit on the collection was due to tax measures carried out by the government to help employees, particularly on the increase in personal and additional exemption as mandated by Republic Act 95.

Quito elaborated that under RA 9504, personal exemption from P20,000 for single, P25,000 for head of the family and P32,000 for married were increased to P50,000; while additional exemption for dependent children from P8,000 to P25,000, resulting to some P128 million revenue loss.

“The global economic crisis, wherein one company based here stopped operation in its export venture, was also contributory to the shortfall, noting that only P8 million was generated compared to P15 million average for the past years,” he said.

Quito also cited the rate of corporations for tax was decreased from 35 percent to 30 percent and tax amnesty totaled P64 million pesos last year.

He added that the total loss rose to P117 million, on the other hand, without such hitch tax collection can raise 30 percent more of the 2009 target. (PIA CamNorte)