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ADB tells the Philippines to shift tax collection online

The Asian Development Bank (ADB) has proposed to the Philippine government to shift its tax collection processes online to reduce costs of tax administration and improve compliance among individuals and businesses. ADB Southeast Asia economist Aekapol Chongvilaivan said such reforms will help improve tax revenue collections. The ADB said high costs of tax compliance discourage small- and medium-sized businesses from complying with the rules. Chongvilaivan said the Philippines’ Bureau of Internal Revenue’s (BIR) digital initiatives have helped address issues in tax administration and payments. The ADB is helping the BIR to develop taxpayer online registration and data management. Philippine Finance Secretary Carlos G. Dominguez III said local governments will have to develop electronic business registration and renewal as well as local tax and fee assessment and collection.

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