Monday, August 28, 2006

Effective Revenue Collection: A Liberal's Legacy


The nation owes to the Liberals of the 12th and 13th Congresses the present state of revenue collection in the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC). During the 12th Congress, Republic Act 9282 was enacted into law while the 13th Congress gave birth to Republic Act No. 9335. The enactment of these two sensible and dynamic pieces of legislation came at a time when the government needed them most. As a result, the BIR has reached its target beginning the first quarter of 2005. In 2006, the BIR did the same feat and is headed towards a more effective tax collection effort. BOC, on the other hand, barely missed its goal in 2005 but its performance is a far cry from its dismal achievement in the previous years. In 2006, BOC boasts of exceeding the targets set by the Department of Finance. More

0 Comments:

Post a Comment

<< Home