Monday, January 30, 2023

BIR Teams Up With PayMaya for Paying Taxes Online

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Filipinos may soon allow paying their taxes online using their mobile phones. As the Bureau of Internal Revenue (BIR) made a deal with PayMaya, a digital financial service provider.

Paying Taxes Online
Logos from BIR and PayMaya

Holders of PayMaya account can remit their tax payments to BIR online through the Pay Bills feature of the PayMaya app. Paymaya is also working with BIR to extend its digital tax payments through online portals as well as through other channels such as its revenue district offices nationwide.

Having more digital payment options is part of the government’s efforts to drive ease of doing business in the country,” Caesar Dulay, commissioner of the BIR, said.

Even those who are not within reach of a bank branch can make their tax payments on time, wherever they may be.” Dulay added.

The BIR – Paymaya partnership supports the country’s initiative to digitize more on its services to reach their goals in terms of revenue collection as well as to deliver better service to the public.

The efficiency of government services improves when agencies like the BIR open digital payment channels for their constituents,” Orlando B. Vea, founder and CEO of PayMaya, said.

Under the National Retail Payment System, Filipinos may be enabled to paying their taxes online through digital payment instrument as well as to contribute to the goal of the Bangko Sentral ng Pilipinas (BSP) to increase its digital transaction to 20% by 2020.

This partnership is also supported by the project of the United States Agency for International Development (USAID), the E-PESO project.

PayMaya is the only FinTech company in the Philippines that offers integrated consumers and merchant payment solutions.

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