Summary
RMO No. 16-2020 amends Table Nos. 2 to 5F of RMO No. 12-2020 on the allocation of the CY 2020 BIR Collection Goal by Implementing Office.
Key points
- Reduced collection goal. The BIR CY 2020 Collection Goal is reduced to ₱ 1,744.104 Billion (or ₱ 1.744 Trillion). It is made up of a BIR Operations target of ₱ 1,700.033 Billion and a Non-BIR Operations target of ₱ 44.071 Billion.
- Change in BIR Operations target. The revised BIR Operations target is lower by 22.93%, or ₱ 505.867 Billion, than the previous goal of ₱ 2,205.900 Billion.
- Uniform reduction. The 22.93% decrease is applied uniformly to all Implementing Offices.
Who is affected
- BIR Implementing Offices
Deadlines and effectivity
- Applies to CY 2020
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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