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The Philippines’ Department of Finance (DOF) Secretary Ralph Recto has underscored the critical role of the Bureau of Internal Revenue (BIR) in ensuring the government meets its fiscal targets, emphasizing that sustained improvements in revenue collection are essential for economic growth and national development. Speaking at the BIR’s 120th anniversary earlier this month, Recto highlighted the importance of digitalization in achieving these goals. “For the truth is, when fiscal targets are not met, it is the people who pay for such failure,” Recto stated in his keynote speech. “Projects that would improve their lot today are denied of funding, creating a pile-up of debts that will be paid by our children tomorrow.” Recto stressed that consistent revenue improvement directly translates into meeting the needs of the people, enabling investments that spur economic growth, create jobs, and ultimately enhance citizens’ ability to pay taxes. He called this a “virtuous cycle” that the government must champion. BIR’s new digital initiatives: A step forward During the anniversary event, the BIR unveiled its new logo and a revamped Web portal, both of which signify the agency’s commitment to modernization. The new logo, featuring the Philippine Eagle, three stars, a sun wreath, and the colors of the Philippine flag, symbolizes the BIR’s renewed focus on national pride and service. Photo courtesy: DOFPH/Facebook The new BIR Web portal, developed in collaboration with the Department of Information and Communications Technology (DICT), aims to strike a balance between convenience and professionalism. BIR Commissioner Romeo Lumagui Jr. highlighted that the portal provides easy access to tax information, updates, and eServices, reflecting the BIR’s commitment to modernizing its operations in the 21st century. Recto reiterated his call for the BIR to leverage digitalization to make paying taxes easier for citizens. He pointed to the BIR’s Digital Roadmap for 2024-2028 as…

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Filed under: News - @ August 15, 2024 7:25 am