Duterte asks businessmen to pay right taxes

Duterte asks businessmen to pay right taxes

- in News
0

DAVAO CITY, February 8, 2017 — President Rodrigo Duterte called on businesses to help the government out by paying the right taxes. 

Duterte made the pronouncement during the launch of Bureau of Internal Revenue’s (BIR) 2017 Tax Campaign earlier this week.

“Basta kung ‘yung ibinayad ninyo accurate and correct, on time collection, the spending will be there for you to see,” Duterte said.

“I think that we have a responsible taxpayers base. Kayo ‘yung malalaki…No more, no less ako. I will not tax you to death if I think it’s unrealistic. Hindi masyado ako sa taxation,” he said.

Duterte vouched for the absence of corruption in his government, but asked the businessmen to help weed out corruption in the ranks. “This I can promise you: There will be no corruption. It behooves upon you to stop it,” he said.

The Large Taxpayers Service (LTS) of the Bureau of Internal Revenue (BIR) officially launched its 2017 Tax Campaign at the Philippine International Convention Center.

According to the Presidential Communications Office, the year’s tax campaign kickoff program unveiled LTS’ thrust to attain its collection target as well as improve taxpayer service in keeping with the President’s call for change.

Handling the country’s 2,320 large corporate taxpayers and contributing at least 62.4 percent of the BIR’s revenue collection, LTS wants to boost its collection for this year with an assigned collection goal of around P1.1 trillion.

Last year, LTS collected P963 billion, surpassing its 2015 revenue collection of P881 billion with a collection growth rate of 12.1 percent. “Ako, Kaisa sa Pagbabago” is LTS’ theme for its tax campaign this year.

The BIR has a collection goal of P1.8 trillion for 2017 as compared to P1.6 trillion in 2016. 




If you enjoy reading our stories,
please help keep Mindanation up and running by donating any amount.
Your support will go a long way in keeping us going.

Facebook Comments

You may also like

Black Panther Star Chadwick Boseman Dies of Cancer at 43

‘Black Panther’ star Chadwick Boseman died on Friday