Summary
RMO No. 04-2014 allocates the CY 2014 BIR collection goal by implementing office.
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Key points
- Overall CY 2014 goal. The Department of Finance set the BIR goal at P 1,456.330 Billion, based on the CY 2014 Medium Term Revenue Program as of December 18, 2013. This is P 202.651 Billion or 16.16% higher than the CY 2013 goal of P 1,253.679 Billion.
- Large Taxpayer Service allocation. The Large Taxpayer Service allocates its goal among its implementing units and prepares the corresponding memorandum within 5 working days upon issuance of the Order.
- Policies for individual allocation. The Deputy Commissioner for Operations Group and the Assistant Commissioner of LTS prepare and submit a revenue issuance setting the policies, guidelines and methodology for individual goal allocation of the units under them. It goes to the Commissioner for approval.
Who is affected
- Large Taxpayer Service
- Deputy Commissioner for Operations Group
- Assistant Commissioner of LTS
Deadlines and effectivity
- LTS memorandum within 5 working days upon issuance of the Order
- Goal covers CY 2014
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.