SUMMARY
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MANILA, Philippines – The Bureau of Internal Revenue (BIR), the country’s main tax agency, collected P111.9 billion in taxes in May, 2.8% below its P115.12-billion goal for the month.
The collections were however 18.35% higher than what the bureau generated in May 2012.
Collections from BIR operations amounted to P109.51 billion, 1.28% less than the goal set for such operations, but 18.69% more than collections made in May 2012.
Collections from non-BIR operations, mainly taxes on government securities, surpassed the May goal by 42.9%. These were also 4.57% higher than the collections booked in the same month last year. – Rappler.com
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