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RMO No. 06-2006: Prescribes the allocation of the BIR collection goal for CY 2006

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Summary

RMO No. 6-2006 prescribes the allocation of the BIR collection goal for CY 2006.

Key points

  1. Overall goal. The Department of Finance set the Bureau’s collection goal for CY 2006 at P675,353 Million. This is 26.24% higher than the tentative actual CY 2005 collection of P534,485 Million.
  2. New VAT Law portion. Of the total goal, P52,605 Million is for the New VAT Law (RA 9337).
  3. Breakdown by tax type. Income Taxes P401,313 Million, Excise Taxes P59,789 Million, Value Added Taxes P145,348 Million, Percentage Taxes P37,375 Million and Other Taxes P31,528 Million, for a total of P675,353 Million.

Deadlines and effectivity

  • Collection goal for CY 2006

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances

Cited byRMO No. 26-2006

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.