There are many reasons why PayMaya is one of the reliable mobile platforms for prepaid online payment. Recently, PayMaya was officially welcomed by the Bureau of Internal Revenue (BIR) yesterday as a new digital channel where Filipinos can pay taxes with ease, providing convenience and accessibility for taxpayers all around in the Philippines for PayMaya users.
By this, individual taxpayers can rely on PayMaya mobile app to deal with their tax fees over and done with as easy with a press of a button.
Internal Revenue Deputy Commissioner Lanee David said the initiative is part of the BIR’s journey to becoming a digitally transformed government institution by 2030.
“Over the years, the BIR has worked to develop its IT capabilities so as to better serve the public by providing more convenient and reliable services. We have been able to implement a wide range of electronic services, but the constantly changing economic and corporate landscape of the Philippines and the global community demands that we continuously explore ways to improve our electronic services,” said Lanee David, Internal Revenue Deputy Commissioner, adding that the initiative is among the gateways of BIR endeavors in integrating technology in their institution and advocacies by 2030.
This is not new for BIR, as PayMaya being the 7th electronic channel to be made available for taxpayers. Others are the BIR’s Electronic Filing and Payment System (EFPS), Gcash, Development Bank of the Philippines Pay Tax Online Facility, Land Bank of the Philippines LinkBiz portal, Union Bank of the Philippines online payment facility and PESONet.
“Now with the addition of PayMaya, we are expecting a significant shift in favor of electronic payments and of course, a significant increase in our e-filers. By tapping PayMaya, BIR will be able to elevate taxpayer experience by allowing them to pay taxes anytime, anywhere with just a few taps on their mobile phones,” the BIR official said.
It won’t be too long now when BIR would allow payments from users through mobile numbers linked to a PayMaya account through the BIR website, being able to also process transactions using any credit, debit, or prepaid card through PayMaya.
“We are proud to be enabling the BIR with new options for card and wallet payments through PayMaya. As more Filipinos go digital, the BIR is opening up secure, convenient, and reliable options to the taxpaying public. Now, it’s easier than ever to pay your taxes using only your mobile phone with the help of PayMaya,” said Orlando Vea, founder, and chief executive officer of PayMaya.
Online tax payments had grown the previous years. Taxes collected by the BIR through its electronic channels rose nearly two-fold from P626.35 billion to PHP1.2 billion in the last year. In 2018, BIR reported that from the 278,602 online transactions done, it reached to 446,753, a 60% increase in electronic transactions through e-channels.
Business taxpayers had hopped into the convenience as well, with 1.796 million or 60 percent of business taxpayers in the Philippines were reported to be electronic filers in 2019.