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MANILA, Philippines – The Bureau of Internal Revenue (BIR) increased its tax collection in November, but still failed to meet its collection targets.
In a statement released on Friday, December 13, the country’s largest revenue-generating agency said it collected P126.46 billion in tax revenues in November, about 14.17% or P15.69 billion more, compared to the same month in 2012.
The amount, however, is still lower than the P130.57-billion collection target for November.
Below are more details on the November collection performance:
- BIR operations: P123.61 billion, up 14.63 % from 2012
- Non-BIR operations: P2.85 billion, down 2.74%
- Collections by Large Taxpayers Service: P83.04 billion, up 24.82%
Total collection for January to November 2013 reached P1.12 trillion, exceeding the total collection for the entire 2012, which amounted to P1.058 trillion, the agency said.-Rappler.com
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