Summary
RMO No. 30-2020 amends Table Nos. 2 to 5F of RMO No. 16-2020 on the allocation of the CY 2020 BIR Collection Goal by Implementing Office.
Key points
- Revised collection goal. The BIR CY 2020 Collection Goal is reduced to ₱ 1,685.734 Billion (or ₱ 1.686 Trillion). It is made up of ₱1,641.602 Billion from BIR Operations and ₱ 44.132 Billion from Non-BIR Operations.
- Change in BIR Operations target. The revised BIR Operations goal of ₱1,641.602 Billion is lower by 23.02%, or ₱ 490.806 Billion, than the previous year’s refined collection of ₱ 2,132.408 Billion.
- Uniform reduction. The 23.02% 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.
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.