THE overhaul of the government’s main revenue agencies must be revisited, particularly the consolidation of the bureaus of Customs and Internal Revenue into a NationalTHE overhaul of the government’s main revenue agencies must be revisited, particularly the consolidation of the bureaus of Customs and Internal Revenue into a National

National Revenue Authority touted as possible BIR, BoC replacement

2026/02/09 20:21
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

THE overhaul of the government’s main revenue agencies must be revisited, particularly the consolidation of the bureaus of Customs and Internal Revenue into a National Revenue Authority (NRA), a former Finance department official said.

Former Undersecretary Cielo D. Magno called for the revival of a proposal to establish the NRA, “given all of these challenges and problems with respect to revenue mobilization.”

“I think it’s again time to think of reforming the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BoC), and revisiting the idea of creating a National Revenue Authority,” she said in a University of the Philippines School of Economics event on Feb. 6.

House Bill 695, filed in 2017 by former President Gloria Macapagal‑Arroyo, sought to replace the BIR and streamline tax collection.

Last year, the BIR came under fire from the private sector over the alleged misuse of letters of authority, which serve as the precursor to tax audits. The Bureau of Customs also faced complaints from US firms about intrusive inspections, inconsistent charges, and demands for “facilitation fees.”

Both agencies missed their 2025 collection targets as the economy slowed in the wake of the flood control corruption scandal and a freeze on rice imports.

Meanwhile, Raymond Abrea, chairman and chief executive officer of the Asian Consulting Group, backed the abolition of both bureaus and proposed a state-owned, professionally managed, performance‑driven NRA.

Mr. Abrea said the NRA should operate like a government‑owned and -controlled corporation (GOCC) to insulate revenue collection from political interference.

“This is crucial because the Constitution mandates that the authority to collect revenue rests with the government. So the legal aspect of that needs to be studied carefully,” he said in the Chikahan with Prof. Cielo Magno: The Tax ng Ina Mo Podcast on Feb. 4.

Mr. Abrea likened the NRA to the Inland Revenue Authority of Singapore.

A GOCC structure would free the NRA from budget constraints, attract top private‑sector talent, and fully automate tax and customs administration using digital platforms, artificial intelligence, and blockchain systems, he added.

The government hopes to collect P4.82 trillion in revenue in 2026, with P3.431 trillion expected from the BIR and P1.003 trillion from the BoC.

BusinessWorld reached out to the Department of Finance, but said its officials were not immediately available to comment.

The BIR and Customs Commissioners were approached for comment, but had not replied at the deadline. — Aubrey Rose A. Inosante

Market Opportunity
DAR Open Network Logo
DAR Open Network Price(D)
$0.005274
$0.005274$0.005274
-0.11%
USD
DAR Open Network (D) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Impact of Iran war on Filipinos: What happens now?

Impact of Iran war on Filipinos: What happens now?

The forecast is dire for Asia
Share
Rappler2026/03/29 08:03
How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

The post How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings appeared on BitcoinEthereumNews.com. contributor Posted: September 17, 2025 As digital assets continue to reshape global finance, cloud mining has become one of the most effective ways for investors to generate stable passive income. Addressing the growing demand for simplicity, security, and profitability, IeByte has officially upgraded its fully automated cloud mining platform, empowering both beginners and experienced investors to earn Bitcoin, Dogecoin, and other mainstream cryptocurrencies without the need for hardware or technical expertise. Why cloud mining in 2025? Traditional crypto mining requires expensive hardware, high electricity costs, and constant maintenance. In 2025, with blockchain networks becoming more competitive, these barriers have grown even higher. Cloud mining solves this by allowing users to lease professional mining power remotely, eliminating the upfront costs and complexity. IeByte stands at the forefront of this transformation, offering investors a transparent and seamless path to daily earnings. IeByte’s upgraded auto-cloud mining platform With its latest upgrade, IeByte introduces: Full Automation: Mining contracts can be activated in just one click, with all processes handled by IeByte’s servers. Enhanced Security: Bank-grade encryption, cold wallets, and real-time monitoring protect every transaction. Scalable Options: From starter packages to high-level investment contracts, investors can choose the plan that matches their goals. Global Reach: Already trusted by users in over 100 countries. Mining contracts for 2025 IeByte offers a wide range of contracts tailored for every investor level. From entry-level plans with daily returns to premium high-yield packages, the platform ensures maximum accessibility. Contract Type Duration Price Daily Reward Total Earnings (Principal + Profit) Starter Contract 1 Day $200 $6 $200 + $6 + $10 bonus Bronze Basic Contract 2 Days $500 $13.5 $500 + $27 Bronze Basic Contract 3 Days $1,200 $36 $1,200 + $108 Silver Advanced Contract 1 Day $5,000 $175 $5,000 + $175 Silver Advanced Contract 2 Days $8,000 $320 $8,000 + $640 Silver…
Share
BitcoinEthereumNews2025/09/17 23:48
Coinbase Joins Ethereum Foundation to Back Open Intents Framework

Coinbase Joins Ethereum Foundation to Back Open Intents Framework

Coinbase Payments has joined the Open Intents Framework as a core contributor, working alongside Ethereum Foundation and other major players. The initiative aims to simplify complex multi-chain interactions through automated solver technology. The post Coinbase Joins Ethereum Foundation to Back Open Intents Framework appeared first on Coinspeaker.
Share
Coinspeaker2025/09/18 02:43