Summary
RMO No. 17-2008 prescribes how the CY 2008 BIR collection goal is allocated among implementing offices.
Key points
- Overall goal. The Department of Finance set the CY 2008 collection goal at P 844,950 Million, which is 18.41% higher than the CY 2007 actual collection of P 713,595 Million.
- Operations split. Of the total, P 810,306 Million is for BIR Operations and P 34,644 Million is for Non-BIR Operations. This follows the Budget and Expenditures Sources of Financing for 2008 and the National Government Revenue Program run date August 14, 2007.
- Goal by tax type. In P Million: Income Taxes 477,551, Excise Taxes 58,436, Value-Added Taxes 204,879, Percentage Taxes 50,432, and Other Taxes 53,652.
- Allocation method. The data and methodology used to compute the final allocation are specified in the Order.
Who is affected
- BIR implementing offices
Deadlines and effectivity
- Covers CY 2008
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.