Revised BIR CY 1994 Collection Goal of P185,486 M

November 21, 1994 REVENUE MEMORANDUM ORDER NO. 67-94 SUBJECT : Revised BIR CY 1994 Collection Goal of P185,486 M TO : All Regional Directors and Other Offices Concerned Due to changes in the macroeconomic assumptions used in the evaluation of internal revenue collections, the Department of Finance has advised the BIR the change of its collection goal for Calendar Year 1994 from P178,643 M (as prescribed in Revenue Memorandum Order No. 11-94) to P185,486 M. This increase of P6,843 M is broken down into existing measures amounting to P1,788 M and the new measures amounting to P5,055 M as shown in Annex A. Because of these changes, there is a need to adjust accordingly the 1994 tax collection goals of the regions, which in turn are to be allocated to the revenue district offices. The breakdown of the additional collection goal by region and by major type of tax for the existing and new measures are presented in Annex B. All Regional Directors are hereby instructed to allocate the additional goals as indicated in Annex B to their respective revenue district offices by major type for the existing measures and new measures. The Regional Directors should submit the results of the additional goal allocation and the reallocation methodology used to the Statistics Division not later than December 1, 1994. aisa dc RENE G. BAEZ Acting Commissioner ANNEX A COMPARATIVE CY 1994 GOALS In Million Pesos Source of Income PER RMO 11-94 REVISED GOAL Difference TOTAL P 178,643 185,486 P 6,843 EXISTING MEASURES 166,217 168,005 1,788 I. Income Taxes 86,714 91,061 4,347 II. VAT 24,738 21,743 (2,995) III. Other Percentage 15,027 13,833 (1,194) IV. Other Taxes 8,993 8,475 (518) V. Excise Taxes 30,745 32,893 2,148 NEW MEASURES 12,426 17,481 5,055 I. 6%/3% VAT 1,364 1,360 (4) II. Excise on Cigarettes 2,290 2,290 0 III. Adjustment in DST 6,067 6,067 0 IV. Capital Gains Tax from Privatization 2,200 2,200 0 V. Structural Reforms in VAT 505 505 0 VI. Broadening the VAT 2,503 2,503 VII. Increase in Stock Transaction Tax with 2% IPO 537 537 VIII. 2% Affluent Tax 53 53 IX. Reduction in Float 750 750 X. Expanded Withholding Tax 1,216 1,216 ADDITIONAL CY 1994 GOALS ON EXISTING AND NEW MEASURES BY REGION (Based on the Revised Goal from P178.6 B to P185.5 B) In Million Pesos Income VAT Other Others Excise TOTAL New New New New New New REVENUE Exist Mea Exist Mea Exist Mea Exist Mea Exist Mea Exist Mea Total ing sure ing sure ing sure ing sure ing sure ing sure GRAND TOTAL P4,347 1,216 (2,995) 2,499 (1,194) 537 (518) 803 2,148 0 1,788 5,055 6,843 1 BAGUIO CITY 24 7 (45) 37 (6) 3 (4) 6 11 0 (20) 53 33 2 CORDILLERA ADMIN. REGION 19 5 (3) 3 (5) 2 (1) 2 2 0 12 12 24 3 TUGUEGARAO, CAGAYAN 11 3 (4) 4 (3) 1 (1) 1 0 0 3 9 12 4 SAN FERNANDO, PAMPANGA 41 11 (54) 45 (12) 5 (5) 8 179 0 149 69 218 5 VALENZUELA, BULACAN 119 33 (136) 113 (31) 14 (13) 20 112 0 51 180 231 6 MANILA 1,109 310 (241) 201 (249) 112 (191) 297 30 0 458 920 1,378 7 QUEZON CITY 767 215 (956) 798 (150) 67 (69) 107 548 0 140 1,187 1,327 8 MAKATI 1,753 490 (1,139) 950 (609) 274 (186) 288 991 0 810 2,002 2,812 9 SAN PABLO CITY 168 47 (112) 93 (10) 6 (12) 18 98 0 132 163 295 10 LEGASPI CITY 16 4 (4) 3 (5) 2 (2) 2 0 0 5 11 18 11 ILOILO CITY 36 10 (38) 32 (12) 5 (2) 4 0 0 (16) 51 35 12 BACOLOD CITY 31 9 (85) 71 (10) 5 (4) 6 29 0 (39) 91 52 13 CEBU CITY 116 33 (87) 73 (55) 25 (16) 25 127 0 85 156 241 14 TACLOBAN CITY 14 4 (4) 3 (4) 2 (1) 2 0 0 5 11 16 15 ZAMBOANGA CITY 14 4 (6) 5 (4) 2 (1) 2 0 0 3 13 16 16 CAGAYAN DE ORO CITY 45 13 (37) 31 (8) 4 (3) 5 17 0 13 63 66 17 BUTUAN CITY 8 2 (17) 14 (2) 1 (1) 1 4 0 (8) 18 10 18 COTABATO CITY 17 5 (7) 6 (6) 3 (2) 3 0 0 2 17 19 19 DAVAO CITY 39 11 (20) 17 (12) 5 (4) 6 0 0 3 39 42 ADDITIONAL Expanded Broadening Increase in 2% Affluent none Withholding the VAT Stock Tax Reduction -6%/3% Transactions in Float VAT Tax with 2% IPO