NextGen Day

MANILA – In a significant move towards enhancing tax collection and administration, the Bureau of Internal Revenue (BIR) formalized a memorandum of agreement (MOA) on Tuesday with prominent business associations, chambers of commerce, and tax professionals’ organizations.

The BIR jointly signed the MOA, the Philippine Chamber of Commerce and Industry (PCCI), the Tax Management Association of the Philippines (TMAP), the Management Association of the Philippines (MAP), the Financial Executives Institute of the Philippines (FINEX), the Philippine Institute of Certified Public Accountants (PICPA), the Association of Certified Public Accountants in Public Practice (ACPAPP), the Association of Certified Public Accountants in Commerce and Industry (ACPACI), the Philippine Exporters Confederation Inc. (Philexport), and the joint foreign chambers.

Speaking at the sidelines of the MOA signing, BIR Commissioner Romeo Lumagui Jr. shared, “We have established an agreement with diverse groups from various sectors. We are actively seeking their insights and suggestions on how to enhance our services.”

Lumagui highlighted that the private sector entities are also slated to furnish the BIR with their official position papers, detailing their requests and recommendations to refine the agency’s service delivery.

“Our objective at the BIR is to elevate our taxpayer service to a level of excellence, and this objective will be met by engaging in meaningful consultations with private sector partners,” Lumagui explained. “We value their input across all our activities. Our vision is to have them as collaborators in the nation’s progress, and that’s the essence of this broad-based partnership.”

Lumagui further emphasized that this collaboration also reinforces the private sector’s commitment to ensuring their members adhere to accurate tax payments.

He affirmed that this partnership would contribute significantly to achieving the BIR’s ambitious PHP 2.63 trillion collection target for the current year. “We have high expectations that this cooperative effort will significantly enhance our prospects of hitting our collection goals,” he added.

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