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March 01, 2024

Security Bank supports BIR’s P260B April target collection

Security Bank Corp. led by bankero Sanjiv Vohra is helping the Bureau of Internal Revenue (BIR) achieve its collection goal of P260 billion for the month of April.

Security Bank Transaction Banking and Channels Network Group head John Cary Ong said taxes are crucial in keeping both the government and the economy going.

“We have a responsibility in settling our dues to the government, especially that the nation is highly dependent on them for economic recovery, financial assistance, and for combating the COVID-19 pandemic,” Ong said.

The BIR headed by Commissioner Cesar Dulay is tasked to collect P256.9 billion of its full-year 2022 target of P2.44 trillion this month.

Last year, Security Bank remitted over P149 billion to the BIR through its DigiBanker cash management service.

The platform enables medium to large businesses to make frictionless and convenient online tax payments.

Security Bank recommends users to pay taxes at the comfort of their homes or offices through the DigiBanker online platform.

“Security Bank’s DigiBanker is a multi-awarded cash management and payments platform being used by enterprises. It handles collections, fund transfers, vendor payments, and even eGov remittances, among others,” Ong said.

Under the National Internal Revenue Code (NIRC), taxpayers are mandated to file and pay their income tax returns every April 15 of each year. The deadline was moved to April 18 this year as April 15 fell on a Good Friday.

Ong said businesses should settle their tax dues early.

“For this ITR deadline, we encourage our partners to settle their payments early to avoid inconvenience,” Ong said.

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