BIR exec: Exceeding tax collection target for January-April period means local economy, tourism recovering

HE economies of Cebu and Bohol have been performing well in the first four months of 2023, as indicated by the strong tax collection of the Bureau of Internal Revenue-Revenue Region (BIR-RR) 13, which surpassed its target by 14.22 percent for the period, according to an official.

“Ang pagbalik sa pagkabuhi sa atong ekonomiya, apil na ang turismo, nag-translate pud og maayong koleksyon sa atong buhatan (The recovery of our economy, including tourism, also resulted in a positive collection for our office),” BIR Revenue Region 13 Assistant Director Maria Socorro Lozano said on Tuesday, May 16, 2023, during her interview on SunStar Cebu’s “Beyond The Headlines,” which was streamed on Facebook.

BIR-RR 13 collected P14.25 billion, exceeding its assigned collection target of P12.37 billion for the January-April period by 14.22 percent or P1.87 billion.

Five revenue district offices (RDO) comprise BIR-RR 13. These are RDO 81 (Cebu City North); RDO 82 (Cebu City South); RDO 83, which is located in Mandaue City and covers the rest of the cities and towns in northern Cebu; RDO 80 in Talisay City for cities and towns in southern Cebu; and RDO 84 in Tagbilaran City for the whole Bohol island.

Lozano said also during the interview that 40 large tax-paying companies were transferred from BIR-RR 13 to the BIR-Large Taxpayers District Office in Cebu in January this year. The transfer’s purpose is to centralize the handling of tax-related matters for these large taxpayers, providing focused attention and specialized services to meet their unique tax requirements.

The large tax-paying companies come from various sectors, including hospitality, tourism, education and banking.

The tax collection success of BIR-RR 13 has also contributed to the national tax figures for the first four months of the year.

At the national level, the BIR collected P837 billion in taxes, surpassing its target tax collection of P825.9 billion for the January-April period by 1.3 percent.

Lozano said achieving or surpassing their assigned collection target in the first four months of the year does not happen often. Thus, she reminded the public to fulfill their tax responsibilities.