THE Bureau of Internal Revenue (BIR) said it expects to roll out a dedicated office servicing registered business enterprises (RBEs) by December, promising simplified filing, payment, and other processes.
In a statement on Nov. 28, BIR Commissioner Charlito Martin R. Mendoza said the agency has internally discussed the establishment of the Registered Business Enterprise Taxpayer Service (RBETS).
“Currently, there are 5,907 Registered Business Enterprises. The BIR anticipates rolling out RBETS by December,” it said.
The BIR said RBETS will bring about a more efficient and streamlined experience for RBEs, who are typically economic zone locators enjoying tax incentives. Their primary regulators are Investment Promotion Agencies and operate under the tax regime set by laws like the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.
“Through RBETS, the BIR aims to formulate policies and guidelines that improve service delivery to RBEs, ultimately strengthening the overall tax administration system,” the BIR said.
In the first 10 months, BIR collections rose 7.45% to P3.47 trillion, equivalent to 82.35% of the agency’s P3.22-trillion full-year target. — Aubrey Rose A. Inosante