MANILA, Philippines – Tax authorities are bracing for the possibility that all Filipino taxpayers would file and settle their dues online as COVID-19 restrictions on movement of people had fast-tracked digitization.
“In 2020, 85 percent or P1.66 trillion of the total collections of the [Bureau of Internal Revenue] were coursed through electronic channels…Meanwhile, almost a hundred percent of the tax returns filed last year were done online,” Finance Secretary Carlos G. Dominguez III noted Tuesday during the signing ceremony for the United States Trade and Development Agency’s (USTDA) $809,450 (about P38.85-million) grant to the BIR.
The agreement for the financial assistance ext…
Keep on reading: BIR eyes 24/7 online taxpayer services