THE Bureau of Internal Revenue (BIR) disclosed that its enforcement activities and operations have resumed with the lifting of the suspension imposed in May.
BIR Commissioner Lilia Catris Guillermo said Revenue Memorandum Circular (RMC) 127-2022 lifts the suspension previously ordered by the Commissioner of Internal Revenue on May 30, 2022, under RMC 77-2022.
“Such enforcement activities and/or operations include the conduct of ocular inspection, surveillance activities, stock-taking activities and the implementation of the administrative sanction of suspension and temporary closure of business,” the BIR said.
With the resumption of conduct of enforcement activities and operations, internal revenue officers were reminded by Guillermo to strictly comply with the existing rules and regulations of the Bureau on the issuance, conduct and implementation of Mission Orders.
Earlier, Finance Secretary Benjamin E. Diokno had ordered the BIR and the Bureau of Customs (BOC) to speed up their modernization programs in a bid to raise more revenues for the government. Diokno said the administration will focus on pursuing technological innovations to build new industries, enhance the delivery of public services, and create more jobs and investment opportunities, paving the way for the country’s long-term economic recovery from the impact of the pandemic.
Last year, the government’s tax effort or taxes as a share in the country’s economic output, settled at 14.1 percent of gross domestic product (GDP), still lower than 14.5 percent recorded in 2019, according to an earlier economic bulletin issued by the Department of Finance.
The government’s economic team also expects to collect higher revenues each year from P3.3 trillion this year to P6.589 trillion in 2028. Meanwhile, they also project the Philippine economy to grow 6.5 percent to 7.5 percent this year and 6.5 percent to 8 percent annually starting next year until 2028.