Connect with us

Hi, what are you looking for?


BIR collects 86% of taxes online in 2020

THE Bureau of Internal Revenue (BIR) said it collected P1.67 trillion worth of taxes through electronic payment channels last year, or 86% of the P1.94 trillion total, after the pandemic shut down many face-to-face online payment channels.

Around 21.5 million or 94% of the 22.86 million tax returns filed last year were submitted online, according to the Department of Finance (DoF), citing preliminary data from BIR Commissioner Caesar R. Dulay.

Only 6% or 1.38 million tax returns were filed manually in 2020, with taxpayers also restricted in their mobility by the quarantine.

Taxes collected from the PayMaya mobile application, the latest addition to the BIR’s pool of electronic payment channels, amounted to P4.98 billion.

The DoF said the BIR’s collections overall were down 11.23% from the P2.19 trillion in 2019, but exceeded the P1.6-trillion target for 2020 by 15%.

The Development Budget Coordination Committee (DBCC) reduced its projection for government revenue last year as tax collections slumped due to weak consumption and business closures during the pandemic.

Other accredited electronic payment platforms of the BIR were the Gcash e-wallet app, the Land Bank of the Philippines e-payment portal Linkbiz, the PayTax service of the Development Bank of the Philippines, the UnionBank Online app and PESONet.

It launched in April pilot operations for its web-based Internal Revenue Integrated System, which will centralize the processing of taxpayer information. The system is targeted for full launch by the end of 2021, according to the bureau.

It also opened the Electronic Audited Financial System, under which businesses can submit their financial statements to the agency digitally. An e-appointment facility was set up in October for taxpayers to raise concerns online. — Beatrice M. Laforga

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Elon Musk has suggested that he could seek to pay a lower price for Twitter, as the social media company’s would-be owner expressed further...


Tens of thousands of apprenticeships could be created and hundreds of millions of pounds saved if the flawed apprenticeships levy were reformed, according to...


The man accused of killing a doctor and wounding five other people in a shooting at a Taiwanese-American church banquet in California methodically planned the attack because he was upset over Chinese-Taiwanese tensions,...


Workers should “think and reflect” on whether to ask for pay rises because they risk fuelling inflation, the governor of the Bank of England...


Ofgem has come under fire for extending rules that will effectively prevent energy suppliers from offering deals that are significantly cheaper than the price...


Working from home is more popular in Britain than in continental Europe and North America, with commuting journeys down by more than a fifth...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.