Summary
RMO No. 12-2020, issued April 27, 2020, amends Table Nos. 2 to 5F of RMO No. 2-2020, which allocated the CY 2020 BIR Collection Goal by Implementing Office.
Key points
- Reduced goal. The CY 2020 Collection Goal is reduced to ₱ 2,260.48 Billion (or P 2.260 Trillion). It consists of a BIR Operations target of ₱ 2,205.900 Billion and a Non-BIR Operations target of ₱ 54.584 Billion.
- Revised BIR Operations target. The revised BIR Operations target of ₱ 2,205.900 Billion is lower by 11.59% or ₱ 289.296 Billion than the initial goal of ₱ 2,495.196 Billion.
- Uniform reduction. The 11.59% decrease is applied uniformly to all Implementing Offices.
Who is affected
- BIR Implementing Offices
Deadlines and effectivity
- Covers CY 2020
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