Publishing the Full Text of Department Order No. 052.2013 issued by the Department of Finance Entitled "Formalizing the Fiscal Intelligence Unit (FIU) Under the Office of the Secretary of Finance

3 December 2013

The Commissioner of Internal Revenue (“CIR”) has issued Revenue Memorandum Circular (“RMC”) No. 72-2013 dated 25 November 2013 to formalize the establishment of the Fiscal Intelligence Unit (FIU) to pursue the goal of the administration to protect revenue, uproot corruption, eliminate tax evasion and smuggling, and to increase the GDP.

The FIU is in-charge of the following functions:

  1. Identifying potential revenue sources and leakages by analyzing data from the Bureau of Internal Revenue (BIR), Bureau of Customs (BOC), Bureau of Local Government Finance (BLGF), and other revenue generating agencies attached to the Department, and comparing these with third party information;
  2. Monitoring the revenue performance of the implementing offices of the revenue generating agencies in coordination with their respective statistics divisions, and recommending to the Secretary of Finance improvements to help achieve their targets; and
  3. Other such functions that the Secretary of Finance identifies in the exigencies of service.

The Secretary of Finance shall directly supervise and control the FIU.

This Order shall take effect immediately.