BIR Renews Partnership with Multi-Sectoral Groups to Improve Tax Administration

The Bureau of Internal Revenue (BIR) renewed its partnership with various multi-sectoral organizations on Tuesday to enhance tax compliance and facilitate consultation between the government and the business sector on tax policies.

At a ceremony in Quezon City, BIR Commissioner Romeo Lumagui Jr. and representatives from multiple private groups signed a new memorandum of agreement (MOA). This renewal builds on a similar agreement from August 2023, which included the Philippine Chamber of Commerce and Industry (PCCI), Tax Management Association of the Philippines (TMAP), and other key business associations.

New signatories to the agreement include the Federation of Filipino-Chinese Chambers of Commerce and Industry, Makati Business Club, and Alliance of Tech Innovators for the Nation. The MOA integrates these groups into a working committee aimed at fostering dialogue and collaboration on BIR policies to ensure smoother compliance for taxpayers.

“This partnership with the private sector will help the BIR achieve its mission of collecting taxes,” said Commissioner Lumagui, emphasizing that improved cooperation will encourage businesses to pay the correct taxes and streamline compliance.

The renewed collaboration is expected to support the BIR’s goal of reaching its P3 trillion collection target for 2024. As of July 2024, the BIR collected P1.68 trillion, marking a 12.7% increase from the previous year.