Mindanaotoday.com | BIR-16 reiterates new policies, tax performance
By: Recthie Paculba
CAGAYAN DE ORO CITY – Upon working to ensure economic stability and promote social welfare by adapting to the changing needs of taxpayers, the Bureau of Internal Revenue (BIR) Region No. 16 reiterates updates on tax performance and new policies on Ang Rehiyon Karon, a radio program aired at Radyo Pilipinas on April 25.
“We are happy to let you know that in BIR Region No. 16, Cagayan de Oro City, under the leadership of Regional Director Emir Abutazil, we have collected P14.678 billion in taxes for 2022,” said Aimee Valencia, BIR-RR16 chief revenue officer.
With this, the department optimized a 92.80% rating, which ranked in the Top 4 in the Operational Key Performance Indicators among other revenue regions nationwide.
In accordance with R.A. 11032, also known as the Ease of Doing Business and Efficient Government Delivery Services Act of 2018, Sittie Norhata Calde, BIR-RR16 chief revenue officer II, also stated that the department revised its policy by removing the five-year validity limit for receipts and invoices and replacing their existing signs with Notice to Issue Receipt or Invoice (NIRI).
In addition, Geoffany Seroo, chief revenue officer II, briefly discussed how BIR has changed its mandate on the filing and payment of Value Added Tax (VAT) returns.
Instead of submitting monthly returns, taxpayers can now submit four 2550Q forms, or quarterly VAT returns.
BIR-RR16 continues to encourage taxpayers to adhere to updated rules and guidelines that will allow government-funded programs to operate more efficiently and effectively in local communities. (GKND | PIA-10)
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