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Bacolod City, PhilippinesWednesday, February 2, 2011
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Revenue increase by 6%

The Bureau of Internal Revenue, Revenue Region No.12 in Bacolod City exceeded its 2010 goal by P296,595,431.09 giving them an “excellent rating” performance, BIR regional director Araceli Francisco said yesterday.

Francisco said they were able to exceed their goal by 6.38 percent as one of the challenges that Commissioner Kim Henares posed on them.

She said that compared to the 2009 collection, there is a big difference because of the sugar cooperatives, which are exempted in the advance value-added tax under the Republic Act 9520, or the Philippine Cooperative Code of 2008.

Francisco also said that in the implementing rules and regulations of the law, the exemption also included the advance VAT on sugar traders, which is not covered in the law.

Despite this, she said, they were able to cover the loss of revenue through  other programs like the Oplan Kandado, strict monitoring, tax compliance programs, quality auditing, and collection enforcements.

Francisco also said that they have already brought the issue to the national office to amend some of the provisions in the IPP particularly on the advance VAT on sugar traders.

RR12 is composed of four revenue district offices, RDO No. 76-Victorias, Negros Occidental, RDO No. 77-Bacolod City, RDO No.78-Binalbagan, Negros Occidental, and RDO No. 79-Dumaguete City.

Meanwhile, RDO 76 exceeded its goal by more than P20 million, RDO 77 with more than P106 million, RDO 78 with more than P25 million, and RDO 79 with more than P143 million, Francisco said.*LTG

 

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