RMO No. 29-2024 — Amending RMO No. 11-2024, prescribing the revised allocation of the CY 2024 BIR Collection Goal, by Implementing Office Digest | Full Text | Attachment

REPUBLIC OF THE PHILIPPINES BUREAU OF INTERNAL REVENUE DC CORDS MANAGEMENT HIVISION

DEPARTMENT OF FINANCE GT

* BUREAU OF INTERNAL REVENUE National Office Building Quezon City BY: ADMitt UNIT.2 JUL 2 2 2024 TIME 1.1

July 8, 2024

REVENUE MEMORANDUM ORDER NO.0 2 9 - 2 0 2 4

TO All Revenue Officials and Employees Concerned

SUBJECT Amending RM0 No. 11-2024, Prescribing the Revised Allocation

of the CY 2024 BIR Collection Goal, by Implementing Office

I. BACKGROUND:

through the Development Budget Coordination Committee (DBCC) Ad Referendum last July 12, The BiR collection target for CY 2024 was revised to #3,046,751 Million as approved

2023. The Bureau's CY 2024 Revised Revenue Target is lower by P8,418 Million or 0.28% from the previous goal of #3,055,169 Million and is higher by #529,764 Million or 21.05% from CY 2023 collection of #2,516,987 Million. The revised breakdown by tax type was based on the Budget of Expenditures and Sources of Financing (BESF) 2024 Program received on April 4 2024.

H. OBJECTIVE:

This Order is being issued to amend Revenue Memorandum Order (RMO) No. 11-2024 dated March 13, 2024.

III. AMENDMENT:

as follows: The provision on General Policies and Guidelines of RMO No. 11-2024, is hereby amended

A. Data Used

1. CY 2023 Actual Collection from Revenue Accounting Division (RAD), as reconciled with the Bureau of the Treasury (BTr), as of February 20, 2024.

2.Data considered as refinements to CY 2023 Collections:

a Non-Recurring transactions from January to December 2023, which include

those that qualified within the threshold prescribed under RA No. 9335 (Lateral Attrition Act) and other special non-recurring transactions which account for at least 4% of CY 2023 total annual collection of the RDOs (Source: RRs/RDOs Reports submitted as of April 12, 2024);

b. Coflections from Registration Fees from January to December 2023

(Source: BiR Form No. 1209 Reports, updated as of March 11, 2024);

c. Collections from identified Transferred-in/out Taxpayers e.g., affected

bySupremeCourt Ruling orsignificant business movement (Source: RDO Reports); and

d. Collections from Excise Taxes (Source: BIR Form No. 1209 Reports, updated

as of March 11, 2024).

3. Other Data Considered:

a. CY 2024 Macroeconomic Assumptions and Indicators (Source: BESF, DBCC

Ad Referendum approved on July 12, 2023);

b CY 2024 Collection Goal, by Major Tax Type (Source: BESF, DBCC Ad Referendum

approved on July 12, 2023); and

C. Data on Tax on T-bills (Government Securities) as of July 12, 2023, BESF, DBCC

Ad Referendum and estimated corresponding DST.

B. Goal Allocation, By Implementing Office

Given the abovementioned goal, by tax type and monthly distribution, this Order prescribes the Revised Allocation of the CY 2024 BIR Collection Goal, by Implementing Office, considering the following:

1. Above collection goal is composed of the Goal from BIR Operations of #2,945,637 Million

and 101,114 Million from Non-BiR Operations;

2. Monthly Allocation for January to December 2024 were distributed pro-rata based

on the Refined CY 2023 Monthly Collections;

3. The decrease of 153,135 Million or 5.80% in the collection goal from BIR Operations,

monthly collection goals of all Implementing Offices for CY 2024: net of special taxes, per RMO No. 11-2024, was applied pro-rata to the corresponding

4. The total BESF FY 2024 New Measures (Deferred Bills) target of P107,520 Million is higher

by P97,013 Million (923.32%) as compared to New Measures amounting to #10,507 Million in RM0 No. 11-2024. The collection goals on the said New Measures were allocated pro rata to concerned iOs, where applicabie; and

5. The following tables are attached for the reference of all concerned revenue officials

and personnel:

Table 1 Revised Macroeconomic Indicators and Assumptions, CY 2024

Table 2 Revised Total Monthly Collection Goal Allocation, By Major Tax Type, CY 2024

AavN UMTe UJL 22 2024 RUREAY OF INTERMEN TREVENUN 3 0 Table 2B Table 2A Monthly Collection Goal Allocation (Net of New Measures -- Deferred Bills), By Major Tax Type,CY 2024 Monthly Collection Goal Allocation on New Measures -- Deferred Bills, By Major Tax Type,CY 2024

-3 E 1 Table 3 Table 4 Table 4A Revised Total Collection Goal Ailocation, By Implementing Office, CY 2024 and Major Tax Type, CY 2024 Collection Goal Allocation (Net of New Measures -- Deferred Bills), By Implementing Office and Major Tax Type, CY 2024 Revised Collection Goal Allocation, By Implementing Office

Table 4B By Implementing Office and Major Tax Type, CY 2024 Coflection Goal Allocation on New Measures -- Deferred Bills,

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Table 5 Revised Monthly Total Collection Goal Allocation, By Implementing Office, CY 2024

Table 5A Monthly Total Collection Goal Allocation (Net of New Measures -- Deferred Bills), By Implementing Office, CY 2024

Table 5.1 Table 5B Revised Monthly Collection Goal Altocation for Income Taxes, Monthly Total Collection Goal Allocation on New Measures -- Deferred Bills, By Implementing Office, CY 2024 By Implementing Office, CY 2024

Table 5.1A Monthty Coilection Goal Allocation for Income Taxes (Net of New Measures -- Deferred Bills), By tmplementing Office, CY 2024

Table 5.1B Table 5.2 Monthly Collection Goal Allocation on New Measures for Income Taxes, Revised Monthly Collection Goal Allocation for Excise Taxes, By Implementing Office, CY 2024 By Implementing Office, CY 2024

Table 5.2A Monthly Collection Goal Allocation for Excise Taxes (Net of New Measures -- Deferred Bills), By Implementing Office, CY 2024

Table 5.2B Monthly Collection Goal Allocation on New Measures for Excise Taxes By Implementing Office, CY 2024

Tabie 5.3 Revised Monthly Collection Goal Allocation for Value-Added Tax, By Implementing Office, CY 2024

Table 5.3A Monthly Coliection Goal Allocation for Value-Added Tax (Net of New Measures -- Deferred Bills), By Implementing Office, CY 2024

Table 5.3B Monthly Collection Goal Allocation on New Measures for Value-Added Tax, By Implementing Office, CY 2024

Table 5.4 By Implementing Office, CY 2024 Revised Monthly Collection Goal Atlocation for Percentage Taxes,

Table 5.4A (Net of New Measures - Deferred Bills), By implementing Office, CY 2024 Monthly Collection Goal Allocation for Percentage Taxes

Table 5.4B Monthly Collection Goal Allocation on New Measures for Percentage Taxes, By Implementing Office, CY 2024

Table 5.5 Revised Monthly Collection Goal Allocation for Other Taxes, By Implementing Office, CY 2024

Table 5.5A Monthly Collection Goal Allocation for Other Taxes (Net of New Measures -- Deferred Bills), By Implementing Office, CY 2024

Table 5.58 Monthly Collection Goal Allocation on New Measures for Other Taxes. By Implementing Office, CY 2024

C. Other Requirement:

The Deputy Commissioner for Operations Group and the Assistant Commissioner of tTS shall provide the Deputy Commissioner for Resource Management Group the individual goal allocation of the concerned personnel assigned in the implementing units under their respective jurisdictions, within ten (10) working days upon the issuance of this Order.

@ Bureay OF INterNaL reVeNue RECGRDS MANAGEMENT DIViSiON

1

JUL 2 2 2024

BY AN UN'T-2 TIME: 1 : ys

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I

For purposes of performance in relation to the Attrition Act of 2005 (RA No. 9335) the revised revenue target of the BIR as published in the Budget of Expenditures and Sources of Financing (BESF) for FY 2024 shall prevail.

IV. REPEALING CLAUSE

This Order supersedes all revenue issuances or portions thereof inconsistent herewith.

V. EFFECTIVITY:

This Order shall take effect immediately.

UMAGUI, JR. Cor Psioner of internal Revenue

B-3

CR) BUREAU OfINtERNAL REVENuE RECORD MAA FMENT DIVISION

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JUL 2 2 2024

BY: Aar : -2 TIME M

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