Wazzup Pilipinas!The Bureau of Internal Revenue (BIR) in partnership with GCash mobile money service, is set to re-launch the first electronic filing and payment system in the country on Apr 12, 2016. Together with the USAID Facilitating Public Investment Project and the USAID E-PESO Activity, these computerization and digitization reform measures aim to improve tax collection and administration, curb corruption, and strengthen business climate in the country.
“Sa patuloy na pagbayad ng tamang buwis, patuloy ang pag angat ng Pilipinas” [the continuous payment of right taxes will continue and sustain the growth of the Philippines], said BIR Commissioner, Kim Henares. The bureau aims to increase funding contribution for the country’s growing needs for basic infrastructure and social programs necessary to reduce poverty, thus, the government continues to push for the growth of the country’s fiscal space.
Globe Telecom complements government tax collection efforts by creating financial technology highways through its new wholly-owned subsidiary, Mynt. It designs revolutionary ways on how products and services are provided as it leverages on its telecommunications infrastructure, mobile money platform, and micro financing expertise.
Mynt is the holding company of G-Xchange, Inc. which operates GCash. “We are thankful for the confidence given to us by the BIR. Through GCash we aim to provide easy access to government services using financial technology solutions over mobile phones and simple person-to-person transfers that are reliable, more convenient and affordable,” said John Rubio, CEO of Mynt.