Internet Philippines.Com – About Philippines

Pinoy forum and online news directory. Providing help to Filipinos here and abroad about Philippines.

BIR enhances its technology for 2016

Google Advertisements

The Bureau of Internal Revenue (BIR) is improving its information technology systems for taxpayers’ online transactions.

BIR’s IT project will improve its collection and will help the government to have and target a P2 trillion revenue this 2016. 

In 2015, BIR only collected P1.37 trillion, 300 + million short of their target collection of P1.675 trillion.

“We unlikely met the target last year, but the important part is that we are growing the collections faster than the nominal GDP (gross domestic product),” Internal Revenue commissioner Kim Henares told reporters in a press conference for the improvement of BIR’s online technology.

BIR Commissioner Kim Paredes

BIR Commissioner Kim Paredes

This year’s IT initiatives is the nationwide roll-our of the electronic Tax Information System that will improve the database of taxpayers and their tax records.

The new system will also enhance the electronic Certificate Authorizing Registration for real estate transactions.  This will also allow improvement in the Asset Information Management Program (AIMP) of the bureau that was funded first in 2011.

AIMP systems allows the bureau to match tax payments with the taxpayer’s net worth based on third party information.

A web-based accreditation will be set up for brokers and importers with the Bureau of Customs to make tax payments for these establishments to be correct.

Online filing for tax clearance applications are already in the process of improvement.

“We cannot still do that this filing season on April though. A lot of work has to be done,” Henares said in an interview.

BIR will start soon mechanisms and new technology for tax payments made through credit and debit cards.

Tags: , , ,

Google Advertisements

Leave a Reply

Your email address will not be published. Required fields are marked *

BSP Exchange Rate Today: