Summary
RMO No. 29-2024 amends RMO No. 11-2024 and sets the revised allocation of the CY 2024 BIR Collection Goal by Implementing Office.
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Key points
- Revised target. The BIR’s CY 2024 collection target is revised to ₱ 3,046,751 Million, as approved through the Development Budget Coordination Committee Ad Referendum on July 12, 2023.
- Comparison. The revised target is lower by ₱ 8,418 Million or 0.28% than the previous goal of ₱ 3,055.169 Million. It is higher by ₱ 529,764 Million or 21.05% than the CY 2023 collection of ₱ 2,516,987 Million.
- Breakdown by tax type. The revised breakdown by tax type follows the Budget of Expenditures and Sources of Financing 2024 Program received on April 4, 2024.
Who is affected
- BIR implementing offices
Deadlines and effectivity
- CY 2024 collection goal
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.