Summary
RMO No. 2-2020, issued January 16, 2020, allocates the CY 2020 BIR collection goal by implementing office.
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Key points
- Overall goal. The CY 2020 collection goal is ₱2.576 Trillion. It includes additional revenues of ₱0.090 Trillion from the Tax Reform Acceleration and Inclusion (TRAIN) Act.
- Comparison with CY 2019. The goal is higher than the CY 2019 goal by 10.53% or ₱0.245 Trillion.
- Allocation method. The Order specifies the data used and the goal allocation methodology.
Who is affected
- BIR implementing offices
Deadlines and effectivity
- Covers CY 2020
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.