As the April 15 deadline of this year’s income tax filing season is nearing, the Bureau of Internal Revenue (BIR) said taxpayers could now use GCash mobile money service in paying taxes.
On Tuesday, the Bureau of Internal Revenue (BIR) revived its partnership with Globe Telecom subsidiary GCash operator G-Xchange Inc. (GXI), by relaunching the first electronic filing and payment system in the country.
GCash was first introduced for national tax payments in 2005.
In line with the BIR’s goal to expand the provision of electronic services, most notably with the release of eBIRForms v6, improved e-filing software that can serve all taxpayers, the use of GCash has now expanded to allow payments for all types of taxes.
The BIR is also working with local and national government agencies to increase the public’s awareness of electronic options through the e-Bayad campaigns, and to enable the use of electronic payments in government transactions.
With the BIR partnership, taxpayers can use their mobile phone to pay for all types of taxes in a few minutes instead of going to BIR Regional District Offices or Authorized Agent Banks with their cash or check.
“The G-Cash mechanism is one of the initiatives this 2016 to ease of doing biz on the part of small to medium term taxpayers,” said BIR Deputy Commissioner Nelson Aspe during the relaunching of the system held in Quezon City.
To pay taxes using GCash, taxpayers need to first download the GCash App from Play Store for Android and then register; fund their GCash account from any GCash Partner Outlet; and initiate payment via the GCash App.
The BIR said together with the United States Agency for International Development (USAID) Facilitating Public Investment Project and the USAID E-PESO Activity, these computerization and digitization reform measures aim to improve tax collection and administration, curb corruption, and strengthen the business climate in the country.
The bureau aims to increase funding contribution for the country’s growing needs for basic infrastructure and social programs necessary to reduce poverty, thus, the government continues to push for the growth of the country’s fiscal space.
“GCash helps the government utilize mobile money for collections and disbursements of social welfare benefits, government fees and taxes. By limiting face-to-face transactions, GCash is able to increase access to government services and reduce potential leakages especially in hard to reach areas, ” GCash President Albert Tinio said.
For its part, Globe Telecom complements government tax collection efforts by creating financial technology highways through its new wholly owned subsidiary, Mynt.
Mynt designs revolutionary ways on how products and services are provided as it leverages on its telecommunications infrastructure, mobile money platform, and micro financing expertise.
“We are thankful for the confidence given to us by the BIR. Through GCash we aim to provide easy access to government services using financial technology solutions over mobile phones and simple person- to-person transfers that are reliable, more convenient and affordable,” said John Rubio, chief executive officer of Mynt.
Earlier, BIR adopted credit, debit or prepaid cards as an additional tax payment method, which aims to reduce the difficulties experienced by taxpayers in the payment of taxes and other applicable fees.