Summary
RMO No. 45-2020 amends Table Nos. 1 to 5F of RMO No. 30-2020, which allocated the CY 2020 BIR Collection Goal by Implementing Office.
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Key points
- Revised goal. The BIR’s revised collection goal is ₱ 1,685.734 Billion, made up of ₱ 1,641.602 Billion from BIR Operations and ₱ 44.132 Billion from Non-BIR Operations.
- Comparison with last year. The ₱ 1,641.602 Billion goal from BIR Operations is lower by 23.01% or ₱ 490.512 Billion than the previous year’s refined collection of ₱ 2,132.114 Billion. The 23.01% decrease in CY 2019 refined collection was applied uniformly to all implementing offices.
- Large Taxpayer Service allocation. The Large Taxpayer Service allocates its goal among its Divisions and prepares the corresponding memorandum within five (5) working days upon issuance of the Order.
Who is affected
- Implementing offices
- Large Taxpayer Service
Deadlines and effectivity
- LTS allocation memorandum within 5 working days upon issuance of the Order
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.