Daily Star logoBusiness



Bacolod City, Philippines Friday, February 9, 2018
Front Page
Star Business
Opinion
Sports
Star Life
People & Events

 

Bacolod RDO tops collection
in Negros with P5.890 billion
BY MARK GARCIA

The Revenue District Office of Bacolod has the highest tax collectionamong the RDOs in Negros Island, including Siquijor, with P5.890 billion in 2017, records from the Bureau of Internal Revenue showed.

Based on the records provided yesterday, Revenue Regional Office 12 where Negros and Siquijor belong, has a total tax collection of P11,219,664,179.35, with Bacolod accounting for almost half of it, or 52 percent of the total collection, with P5,890,418,370.55.

The regional collection of taxes last year was about eight percent, or P812,138,228,51 higher, compared to 2016, which was P10,407,525,950.84.

Regional Revenue 12 director Eduardo Pagulayan Jr. said that this is a good indicator that the collection is high this year as more allotmentswill be givento local government units.

Pagulayan led the BIR briefing on the TRAIN law yesterday,that was attended by about 400 private employers, businessmen, government agency representatives, and local taxpayers, and to inform them of the new adjustments in the taxes they should pay this year.

Next to Bacolod was the RDO in Dumaguete City, where Siquijor belongs, with a total collection of P2,632,656,743.88, followed by RDO Binalbagan in south Negros Occidental with P1,403,701,853.42, and RDO Victorias City in north Neg. Occ. with P1,292,887,211.50.

“The internal revenue allocation of LGUs will be higher this time as 40 percent will go to them, and 60 percent to the national government,” he said.

Pagulayan admitted that they are “apprehensive” whether there will be an increase or decrease on the internal revenue collection for 2018, with the implementation of the TRAIN law.

TRAIN law has reduced the requirements in the payment of withholding taxes of the workers. The regional director said that, apart from it, the excise taxes will godirectly to the national office.

However, a close monitoring of businessmen will be conducted to ensure that they are compliant with their contributions to the BIR, he added.

Pagulayan said that, last year, they filed 15 tax evasion cases and they may sue more this year. *MLG

 

back to top

Business
Button Bacolod RDO tops collection in Negros with P5.890 billion
Button More food tourism events urged