Under the program, if a taxpayer is found to be below the industry benchmark, he is susceptible to receive a Benchmarking Notice from the BIR. The program seeks to implement, on a nationwide basis, comprehensive taxpayer profiling and industry benchmarking activities to cover an expanded list of industries for all type of taxes and to monitor inputs as prescribed in RMO No.5-2012. Hence, it is not surprising if taxpayers are now receiving Benchmarking Notices from the BIR. The return of the program is expected to contribute to this year’s target revenue collection of P1.829 trillion. One of its main aims is the nationwide implementation of a Comprehensive Taxpayer Profiling and Industry Benchmarking. 5-2017 prescribing the 2017 BIR Priority Programs. In January, the BIR issued Revenue Memorandum Circular No. Six year after, RMO 5-2012 was released to prescribe the revised guidelines and procedures in the conduct of industry performance benchmarking but on limited scale.

However, it was not fully implemented at that time. This was originally instituted in 2006 through the issuance of Revenue Memorandum Order No. Industry benchmarking is not a new program. Generally, taxpayers should keep calm and not be unnecessarily anxious about the benchmarking notice. As in most cases, any letter or notice from the BIR is received with great trepidation and uncertainty.

Some taxpayers have reported receiving Benchmarking Notices from the Bureau of Internal Revenue (BIR).

Benchmark property management payments