Tax bill gets final nod from House – Philippine Canadian Inquirer
MANILA – The government will soon make it easier to pay taxes as part of a move to modernize tax administration and improve tax compliance, a barrier to final reading in the House of Representatives.
During Wednesday’s plenary session, a total of 193 lawmakers voted in favor of House Bill 8942, or the Ease of Tax Payment Bill, which aims to introduce administrative tax reforms by amending several articles of the National Internal Revenue Code (NIRC) of 1997.
No lawmaker voted against the bill or abstained from voting.
The bill aims to simplify tax compliance procedures by segmenting taxpayers and better adapting processes, to improve the portability of tax transactions and to legislate on the Taxpayer Bill of Rights.
He proposes the creation of an office of the taxpayer’s lawyer within the Bureau of Internal Revenue (BIR) to act as the taxpayer’s recourse for problems with the office.
Key benefits of the proposal include the ability for taxpayers to apply for an offsite tax identification number (TIN), the removal of the required annual BIR registration, and the harmonization of place rules to allow fully online reporting. to the Bureau.
Albay representative Joey Salceda said the measure would help consolidate the country’s fiscal position and improve our recovery trajectory from 2019 coronavirus disease (Covid-19).
“When you pay off Covid-19 debts, you want your taxpayers to be as compliant as possible. If you make it easy for them, they are likely to be more willing to pay the right taxes. Tax complexity creates tax arbitrations and even administrative corruption. If you make it easier to pay taxes, you make life harder for fraudsters and impostors, ”said Salceda.
Other key elements of the bill are the introduction of a classification of “average” taxpayers and simplified procedures for “small” taxpayers; the cancellation of the BIR registration requirement, which will also cancel automatic BIR audits; remove the need to obtain permission to print from BIR before paper invoices can be issued; and securing taxpayer rights as a guiding principle in the formulation and implementation of tax policies and regulations.