Monday, April 15, 2013

Taxpayers beat deadline for filing ITR

MANILA, Philippines - Hundreds of taxpayers lined up at the Bureau of Internal Revenue (BIR) in Quezon City, beating the deadline for filing income tax returns on Monday.

ABS-CBN talked to some taxpayers, who called on the government to do more projects so that people will be more inspired to pay the correct taxes.

BIR Commissioner Kim Henares says income earners have 2 responsibilities - to pay the correct taxes and monitor and check where the taxes go.

According to Henares, it is up to the public to make sure that taxes go to its intended purpose but it cannot be used as a reason not to pay the correct taxes.

The BIR is tasked to collect P1.253-trillion this year to fund various government projects.

Henares believes the weekly filing of tax evasion charges against those who do not pay the correct taxes is improving tax collection efforts. According to Henares, if before only 10 out of 100 pay correct taxes, now 20 are paying correctly for fear of being charged in court.

source: www.abs-cbnnews.com