Sunday, December 13, 2020

Amnesty for Errant Taxpayer is Until December 31 Only - BIR


By Mortz C. Ortigoza

CALASIAO – Taxpayers who do not want to pay the hefty penalties because they failed to pay their taxes in the past years can avail of the Voluntary Assessment Payment Program (VAPP) of the Bureau of Internal Revenue.

According to Assistant Revenue District Office-4 Chief Aldrin Camba, the twenty five percent surcharge, twelve percent interest, and the compromise penalties based on the table that commensurate to the debt of the errant taxpayer to the government can now be availed by paying only the five percent meted to a taxpayer of the entire back taxes since 2018.

Lahat iyon babayaran mo with this program pag mag avail kayo. Iyong tatlong penalty na iyon ang ma wipe out at magiging isa na lang maging five percent of the basic,” he told this writer.

TAX BRASS. From left is Revenue District Office No. 4 Chief Ernesto Mangabat and Assistant RDO-4 Chief Aldrin Camba of the Bureau of Internal Revenue that supervise Central Pangasinan.  

Camba said the voluntary assessment program was implemented through Revenue Regulations No. 21-2020, signed by BIR Commissioner Caesar Dulay last September this year and will end on December 31, 2020.

He said that the program can help add for the BIR's target of 2.61 Trillion this year.

The target is lowered by 16.7 percent from the actual revenues of P3.14 trillion last year.


To collect additional revenue at the least administrative cost, the BIR is granting taxpayers the opportunity to pay additional tax, with or without a tax investigation, through VAPP, the Regulation said.

The VAPP covers all internal revenue taxes including those arising from one-time transactions (ONETT) like estate tax, donor’s tax and capital gains tax (CGT) for the calendar year 2018 and fiscal years ending July 31, 2018 up to June 30, 2019.

RDO-4 oversees two cities and 13 towns of Central Pangasinan.

Because of the rampage of the dreaded pandemic Corona Virus Disease-19, its tax collection of almost P5 billion was reduced to P3.5 billion.

ARDO Camba said as of October this year RDO-4 had already exceeded 6% of the P3.5 billion collection mandated to them by the government.

RDO-4 is under the stewardship of RDO-4 Chief Ernesto Mangabat.

 RDO-4 is considered the biggest in terms of collection and premier office of the six RDOs in Region 1. It has a reduced tax goal of P3.5 billion from the P5 billion for year 2020. Mangabat blamed the new target as a result of the sluggish economy due to the rampage of the lethal phantom pandemic.


READ MY OTHER BLOG/COLUMN:

The Infamous S.O.P (Cut) on Gov't Projects


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