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Saturday, December 14, 2024

BIR, Ateneo algorithm tracks ghost receipts

Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. said Tuesday a partnership with Ateneo de Manila University – Math Department resulted in the creation of a sophisticated algorithm that could identify ghost receipts with remarkable accuracy.

“The BIR is grateful for the algorithm developed by talented students of the Ateneo de Manila University – Math Department. This algorithm empowers the BIR to identify Ghost Receipts through Mathematics and data analytics. The magnitude by which Ghost Receipts have become part of the Philippine economy is alarming, due to the lack of detection and enforcement for the past decades. That ends now,” Lumagui said.

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The BIR, after the initial raid of a condominium unit where a ghost receipts syndicate located its operation, consistently audited and filed criminal cases against those discovered to have sold and used ghost receipts.

It said that through its partnership with Ateneo, it does not need to conduct raids to continue its RAFT program. The algorithm developed by the BIR and the Ateneo can detect the likelihood of ghost receipts.

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