SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
The Bureau of Internal Revenues (BIR) collected P86.11 billion in tax revenues in October, almost meeting its target of P86.18 billion for the month
MANILA, Philippines – The Bureau of Internal Revenues (BIR) collected P86.11 billion in tax revenues in October, the country’s main revenue collection agency said in a statement on Monday, November 19.
The tax collections for the month reflected a 22.13% increase from October 2011, and almost met the target of P86.18 billion for the month.
Below is the breakdown of BIR’s tax collections in October:
- Regional offices – P33 billion, up 14.13%
- Large Taxpayer Service – P49.96 billion, up 9.93%
- Non-BIR operations – P3.15 billion, up 140.34%
This brought total collections for the January-to-October period to P858.6 billion, accounting for over 85% of the full year P1-trillion target. – Rappler.com
Add a comment
How does this make you feel?
Loading
There are no comments yet. Add your comment to start the conversation.