MANILA, Philippines – Senator JV Ejercito expressed optimism that reforms in the Bureau of Internal Revenue’s (BIR) Letter of Authority (LOA) system would lead to stronger revenue collection at a time when government finances face mounting pressure. “We badly need revenues right now. We are already facing around a ₱200-billion shortfall early this year. That is a heavy burden on our fiscal position,” Ejercito said on Tuesday during a Blue Ribbon Committee hearing on the alleged misuse of LOAs. He also noted that the suspension of the old LOA system and the safeguards being put in place should help eliminate […]... Keep on reading: JV Ejercito expects stronger revenue collection with BIR LOA reforms