REVENUE MEMORANDUM ORDER NO. 8-2018 issued on January 29, 2018 allocates
the CY 2018 BIR collection goal by implementing office.
The overall CY 2018 collection goal of the Bureau of Internal Revenue has been
set at ₱2,039.152 Billion, which includes the additional revenues from the Tax Reform
Acceleration and Inclusion (TRAIN) Act amounting to ₱15.893 Billion. Said goal is higher
than the CY 2017 goal by 11.47% or ₱209.904 Billion.
The data used in the allocation of goal to the implementing offices are the following:
a. The CY 2017 estimated collection, which is the sum of:
i. The total actual collections for the period January – November, 2017, based
on data from the Consolidated Monthly Statistical Report of Revenue
Collections (BIR Form No.1209) as updated and validated by the concerned
implementing offices with the Research and Statistics Division (RSD) as of
December 28, 2017; and
ii. The December 2017 collection, estimated based on goal attainment per
Revenue District Office (RDO) as of November, 2017.
b. Data considered as refinements for CY 2017 Collections:
i. Special Taxes comprising of Taxes on Government Securities and Excise
Taxes for CY 2017, per BIR Form No. 1209 reports updated as of December
ii. Non-recurring transactions from January – November, 2017 where each
single transaction accounts for at least ten percent (10%) of a
particular Region’s/Large Taxpayers Service (LTS) total collections for a
specific month, based on figures provided in BIR Form No. 1209 Reports
updated as of December 28, 2017.
iii. Other Special Taxes:
CY 2017 Regular Corporate Income Tax Collections from MALAMPAYA,
submitted by the LTS as of December 28, 2017; and
CY 2017 Bangko Sentral ng Pilipinas (BSP) remittance of Final
Withholding Tax (FWT) on interest due from domestic borrowings under
Reverse Repurchase Agreements (RRPs), as well as other similar
transactions, submitted by LTS as of December 28, 2017.
c. Other Data Considered:
i. Economic assumptions / indicators provided in the Medium-Term Revenue
ii. Collection Goals, by major tax type, culled from the MTRP;
iii. The CY 2018 program on the volume of issuance of government securities
and their corresponding taxes (FWT) as provided by the Department of
Finance. Documentary Stamp Tax [DST]) goal for Non-BIR Operations
based on Bureau of the Treasury (BTr) program as of January 18, 2018.
iv. The CY 2018 goal on Final Withholding Tax Remittance of BSP as
estimated by the RSD on January 10, 2018, based on data provided by the
LTS covering remittances from the BSP for the months of January –
v. January – December, 2017 collections from transferred-in/out taxpayers,
extracted by RSD from the ITS-CBR as of December 29, 2017.
vi. Adjusted monthly collections due to the change in the payment deadlines
of the following:
Quarterly Corporate Income Tax (BIR Form 1702Q);
st Quarter Income Tax Return;
nd Installment of Annual Income Tax Due; and
Monthly Filing of Withholding/Percentage Tax Returns
To effectively handle the request for transfer of business registration by taxpayers
not otherwise classified as Large Taxpayer, collections from the said taxpayers shall be
credited not in the new RDO, but still in the old RDO, even if the said taxpayer has
physically transferred its business address.
The Deputy Commissioner for Operations Group and the Assistant Commissioner
of LTS 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 not later than March 1, 2018.