Summary
RMO No. 26-2006 prescribes the final allocation of the BIR collection goal for CY 2006, set by the Department of Finance at P 675,353 Million.
CollapseExpand
Key points
- Overall goal. The P 675,353 Million goal is 26.44% higher than the CY 2005 actual collection of P 542,697 Million. Of it, P 52,605 Million is the goal for Republic Act No. 9337 (New VAT Law).
- Breakdown by tax type. Income Taxes are P 401,313 M, Excise Taxes P 59,789 M, Value-Added Taxes P 145,348 M, Percentage Taxes P 37,375 M and Other Taxes P 31,528 M, for a total of P 675,353 M.
Deadlines and effectivity
- Applies to calendar year 2006
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.