The Bureau of Internal Revenue (BIR) in North Cotabato on Monday announced an increase in revenue collection during the first three months of this year.
Venerando Homez, North Cotabato BIR chief, disclosed that their office has collected P108.9 million from various taxpayers covering the first quarter of the year.
The BIR district office covers 17 towns and one component city in North Cotabato.
He said the collection goal for first quarter was only P101 million but it exceeded P7 million following the massive tax campaign implemented by the district office which commenced middle of 2010.
During the same period last year, the BIR district office only collected P97.6 million.
“We exceeded about P11.3 million in terms of revenue collections for the first quarter of this year which is a result of our intensive campaign in the past months,” Homez said.
With the good start of revenue campaign, Homez said he is optimistic his office would reach, or even surpass, this year’s target of P504 million.
“I am very hopeful that we will be able to attain or even exceed our collection goal for this year with this positive response of our tax payers in the first three months,” Homez said.
However, he said his office is working double time to convince small enterprise and other private taxpayers to be prompt in paying their tax obligations.
Homez disclosed that their office is now coordinating with some cockpit and piggery owners to encourage them to pay the right taxes. He said the management of these entities are also required to pay taxes to the government.
Aside from annual revenues, piggery and cockpit operators are also obliged to remit to the BIR the tax withheld from their respective employees.
“The taxes collected from them could be a big help in addressing the development in the countryside,” Homez added.
The BIR district chief also called on tax payers that have not filed their income tax return (ITR) yet to visit their office to avoid penalty.