January 15, 2020
REVENUE MEMORANDUM ORDER NO. 002-20
| TO | : | All Revenue Officials and Employees Concerned |
| SUBJECT | : | CY 2020 BIR Collection Goal Allocation, by Implementing Office |
I. BACKGROUND
The Department of Finance (DOF) has set the Bureau's CY 2020 overall collection goal at P2.576 Trillion. This is inclusive of P0.090 Trillion additional revenues from the Tax Reform Acceleration and Inclusion (TRAIN) Act. The collection goal which is based on the FY 2020 Budget of Expenditures and Sources of Financing (BESF) dated July, 2019 is higher than the previous year's goal based on BESF by P0.245 Trillion or 10.53%. HTcADC
II. OBJECTIVES
This Order is being issued to establish the following:
1. The policies, methodology and guidelines used for the allocation of the CY 2020 Collection Goal; and,
2. The collection goals of the Large Taxpayers Service (LTS) and Revenue Regions (RRs), including the Revenue District Offices (RDOs).
III. DEFINITION OF TERMS
A. Collections from Non-BIR Operations — Final Withholding Tax and Documentary Stamp Tax collection from government securities transactions
B. Collections from BIR Operations — composed of Income Taxes, Value-Added Tax,...
