LTS unit expansion to help boost aggregate collection
The Bureau of Internal Revenue (BIR) plans expanding the taxpayer base falling under the Large Taxpayers Service (LTS) to 3,000 or more this year, from only 2,320 at present.
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Large Taxpayers Service
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LTS collection target huge but achievable
The Large Taxpayers Service (LTS) unit of the Bureau of Internal Revenue (BIR) is expected to collect at least P1.105 trillion from some 2,320 large companies this year and help boost overall collection.