Business Technology, Finance Technology & Information Technology
Solon: Do the right thing and pay your taxes.
The deadline for filing and paying annual income tax returns (AITR) with the Bureau of Internal Revenue (BIR) is April 17.
Authorized agent banks, revenue collection officials, and revenue district officers accept AITR for 2022.
AITRs that aren’t paying can be submitted electronically.
In comparison to the PHP2.3 trillion in income collected in 2018, the BIR has set a target of PHP2.599 trillion for 2023.
Senator Sherwin Gatchalian urged taxpayers to fulfill their commitments in a statement on Monday. He also urged the BIR to speed up its digitalization initiative for simpler transactions and to give taxpayers more power by teaching them about their fundamental rights and obligations.
“Taxpayers have a common obligation to pay the correct amount of taxes owed to them as responsible citizens of the nation. Government revenues allow for the implementation of numerous initiatives and plans required to boost economic growth, according to Gatchalian.
He claimed that since partner banks and BIR branches are available countrywide to take payments, taxpayers have no justification for failing to fulfill the deadline.
Sen. Gatchalian has previously introduced Senate Bill 1199, also known as the Taxpayers Bill of Rights and Obligations, which calls for the establishment of the Office of the Taxpayer Advocate to defend the interests of taxpayers.
Participation in discussions and informational or educational campaigns of revenue authorities is one of the fundamental rights of taxpayers outlined in the measure.
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This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.
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