BIR Collection Goal for CY 1993 and Monthly Goal Allocation for the Revenue Region/Regional District Offices

February 2, 1993 REVENUE MEMORANDUM ORDER NO. 06-93 SUBJECT : BIR Collection Goal for CY 1993 and Monthly Goal Allocation for the Revenue Region/Regional District Offices TO : All Internal Revenue Officers and Others Concerned I. CY 1993 Collection Goal (Annex A) The tentative revenue target of the Bureau of CY 1993 as of February 01, 1993 is 155,000 M based on the existing tax system and an additional amount of P10,950 M from new/proposed tax measures. Included in the P155,000 M goal are: P29,576 M for excise taxes, P769 M travel tax, P5,601 M for T-bills and P119,054 M for the regional/district offices. The allocation of the additional goal from new/proposed tax measures will be contained in a separate memorandum order to be issued when the final sources and amounts involved are identified. II. Annual and Monthly Goal Allocation for the Revenue Regions/Regional District Offices (Annex B-1 to B-5) CY 1993 RR/RDO goal allocation is based mainly on annualized BIR collections for CY 1992 to reflect the effect of the adjusted personal exemptions under RA 7643, as well as the economic dislocation caused by the power crisis and the pull-out of U.S. military bases. cd RR/RDO goals are computed by major type of tax applying uniform growth rate. Included in the P119,054 M RR/RDO goals are the following: Type of Tax Amount (M P) Income Taxes (less T-bills) P 74,658.8 VAT 20,792.0 Other Percentage Taxes 15,008.1 Other Taxes (less Travel Tax) 8,595.1 Total P119,054.0 T-bills 5,601.0 Grand Total P124,655.0 ========= Monthly RDO goal distribution by type of tax is based on actual January to December 1992 collections of 83 RDOs with complete 12.09 collection reports as of January 26, 1993. For those with incomplete collection reports, estimates were made based on previous year's collection. In the case of the Value-added tax, actual payments for 1992 which were collected on a quarterly basis for the three groups of VAT taxpayers, were adjusted to conform to the monthly VAT payment scheme under RA 7643. cd Monthly goals for T-bills were later added to RD 25 Income taxes goals. For your information and guidance. (SGD.) JOSE U. ONG Commissioner of Internal Revenue