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RMO No. 20-2003: Prescribes the allocation of the BIR Collection Goal for CY 2003 among the implementing offices

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Summary

RMO No. 20-2003 allocates the BIR Collection Goal for CY 2003 among the Bureau’s implementing offices.

Key points

  1. Overall target. The Department of Finance set the Bureau’s CY 2003 target at P 424,007 M. This is 7.47% higher than the CY 2002 actual collection of P 394,549 M, per Bureau of Treasury.
  2. Breakdown by tax type. Income Taxes are P 242,672 M, Excise Taxes P 58,406 M, Value Added Taxes P 73,265 M, Percentage Taxes P 27,357 M and Other Taxes P 22,307 M.

Who is affected

  • BIR implementing offices

Deadlines and effectivity

  • Covers CY 2003

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.