THE BUREAU of Internal Revenue (BIR) in Cebu targets to collect P31.3 billion this year. BIR-13 Regional Director Aynie M. Dizon said the target for 2018, up 6.8% from last year’s goal, is “reasonable and achievable.” BIR-13’s initial goal for 2018 was set at P33.8 billion, but was lowered to P31.3 billion due to the foreseen impact of the Tax Reform for Acceleration and Inclusion (TRAIN) Act. Based on official data, BIR-13 is set to collect this year P18.3 billion in personal income taxes; P9.4 billion in value-added tax (VAT); P11.6 million in excise taxes; P1.2 billion in percentage taxes; P2.5 billion in other taxes. — The Freeman

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