BIR-Cebu raring to go beyond goal

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CEBU CITY: The Bureau of Internal Revenue’s (BIR) Large Taxpayers District (LTD)-Cebu officially launched its 2016 Tax Campaign recently with its head, Ma. Socorro Lozano thanking some 257 taxpayers for their unwavering support and significant contributions. She said her office had consistently surpassed its collection goal for the last five years (2010-2014) and barely missed the 2015 collection target of P38.8 billion. Last year’s revenue collection was 22 percent higher than its 2014 actual collection of P27.2 billion. Last year, LTS collected P881.48 billion as compared to its 2014 collection of P824.42 billion. The 2015 collection figure is 61.15 percent of the entire BIR’s tax take. Notably, the LTS more than doubled its revenue collection of P457.32 billion in 2010. The LTS collection grew by 325 percent for 2007 to 2015. The sin tax collection also rose from P55.69 billion in 2012 to P141.84 billion in 2015. The BIR has a collection goal of P2.025 trillion for 2016 compared to P1.653 trillion in 2015.

AFP

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