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RMO No. 02-2005: Prescribes the tentative allocation of the BIR collection goal for CY 2005

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Summary

RMO No. 02-2005, issued January 18, 2005, sets the tentative allocation of the BIR collection goal for CY 2005.

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Key points

  1. Overall goal. The Department of Finance set the Bureau’s CY 2005 goal at P 547,499 million. This is 17.12% higher than the CY 2004 actual collection of P 467,464 million, per the latest tentative figure of the Bureau of Treasury.
  2. Goal by tax type. Income Taxes P 328,920 M, Excise Taxes 61,486, Value Added Taxes 94,697, Percentage Taxes 33,041 and Other Taxes 29,355, for a total of P 547,499 M.

Deadlines and effectivity

  • Covers CY 2005

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.