Top and key field officials of the Bureau of Internal Revenue (BIR) met behind closed doors over the weekend to discuss tax collection strategies and arrest the growing collection shortages. Finally, they decided to reduce the collection target to a more realistic level from the original P2 trillion to P1.6 trillion or about a 20 percent cut. Acting Revenue Commissioner Nestor S. Valeroso told the more 140 regional directors and district officers that the bureau has the technology, competence and capability to hit the collection target for the year now that it has been reduced. He said field men should concentrate on individual and business taxpayers with possible high deficiency tax yields and not waste their time on insignificant cases. He said the segregation of taxpayers with substantial tax consequences can be done through various audit programs like benchmarking, profiling and tax mapping. Records showed the bureau raised only P11.5 [...]
