2006 BIR Monitor

World pool sensation Efren “Bata” Reyes personally filed his application for Improved Voluntary Assessment Program (IVAP) before Commissioner Jose Mario C. Buñag last December 27 at the BIR National Office.

The BIR is giving delinquent taxpayers the chance to voluntarily settle their unpaid tax obligations and avail of the privilege of last priority in audit and investigation by offering the Improved Voluntary Assessment Program (IVAP).

Effective October 14, taxpayers with delinquent accounts or assessed tax cases with the BIR as of June 30, 2006 have the chance to avail of the Bureau’s one-time Abatement Program.

The BIR ranked fourth among the “Top Ten Most Compliant Agencies” in the implementation of the government’s Integrity Development Action Plan during the first half of 2006.

The BIR launched a comic art competition dubbed as “The Adventures of Super Pinoy,” which is open to all high school students from public and private schools in the National Capital Region.

BIR celebrated its 102nd founding anniversary last August 1 with a positive outlook of sustaining its remarkable collection performance after posting a P 1.2 Billion excess over its goal from BIR operations for the first semester of the year.

Last May 22, the Joint Congressional Oversight Committee approved the Implementing Rules and Regulations for the Attrition Act of 2005, paving the way for its impending implementation in the revenue service.

For the first quarter of 2006, the BIR was able to surpass its collection target of P 131.386 Billion by 2.72% or P 3.570 Billion.

The BIR issued new Revenue Regulations to implement the provisions of newly-approved tax laws and to enhance existing tax systems/processes.

The BIR has instituted the use of the “benchmarking method” to define the standards in measuring taxpayers’ compliance per industry group.