MARAWI CITY, Lanao del Sur, Feb. 4 (PIA) -- The Bureau of Internal Revenue (BIR) Marawi Revenue District Office (RDO 102) surpassed its revenue goal for 2012 by 7.41 percent after it collected P388.73 million during the year.
The RDO 102 posted a P26.83 million jump in its collections against the P361.90 collection target for the year.
Year-on-year, RDO 102 tax revenues went by 14.43 percent or P45.10 million compared to the P312.55 million it collected in the same period in 2011.
Collections from income tax made up 77 percent of the RDO’s total revenues reaching P298.22 million, up by 11.47 percent or P30.68 million than the P267.54-million goal for the year.
This amount is also higher by 27.21 percent or P63.78 million against the P234.44 million income tax collections in 2011.
Collections from value-added tax (VAT) which comprised 21 percent of the total tax revenues was posted at P83.07 million, higher by 16.68 percent compared to the P71.19 million VAT collections a year ago.
Collections from percentage tax and other taxes, on the other hand, were recorded at P1.34 million and P6.09 million, respectively.
Revenue District Officer Aminoding Macarampat attributed the positive performance to the conduct of extensive tax information and education campaign down to the barangay level.
He said tax-mapping operations was also continuously undertaken to educate the business community of their registration and bookkeeping requirements.
Meanwhile, Macarampat underscored the support of local banks such as the Land Bank of the Philippines and the Development Bank of the Philippines in helping the RDO in disseminating tax information at the municipal and barangay levels.
He also lauded the provincial government and the Mindanao State University in the city for the correct implementation of withholding tax. (APB-PIA 10)
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