RMO No. 02-2016: Allocates the CY 2016 BIR collection goal by implementing office

Key points

1. Overall goal. The Department of Finance set the CY 2016 target at P 2.025 Trillion. This is higher than the P1.674 Trillion CY 2015 goal by P0.351 Trillion or 21.01%.
2. Allocation basis. The goal for BIR Operations is split between the regions and the Large Taxpayers Service (LTS) using the CY 2015 estimated percent share to total collections. Regional targets are then allocated to Revenue District Offices by their shares of estimated CY 2015 collections.
3. Taxes allocated directly to LTS. Excise Taxes goal of P 170.345 Billion, the MALAMPAYA Income Tax goal of P 9.000 Billion, and the estimated BSP Final Withholding Tax goal of P 10.150 Billion.
4. Non-recurring collections. Fifty percent (50%) of non-recurring collections is added back to the office or district concerned, provided the payments qualify under the threshold in Section III.A.2.b of the Order.
5. Monthly goals. Monthly goals by major tax type follow the monthly trends of estimated CY 2015, as adjusted under Section III.A.3.e of the Order.

Who is affected

• Revenue regions, Revenue District Offices and the Large Taxpayers Service

Deadlines and effectivity

• Goal covers calendar year 2016