MANILA, Philippines – The tax bureau collected P88.76 billion in June, up 9.12% but still short of the P100.51 billion target for the month.
In a press statement on Monday, July 15, the Bureau of Internal Revenue (BIR) said the breakdown of the collections for June were as follows:
- BIR operations: P86.28 billion, up 9.34% or P7.37 billion more than collections in June 2012
- Non-BIR operations: P2.48 Billion, up 1.94% or P47.26 million more
- Regional offices: P31.53 Billion, up 12.48% or P3.5 billion more
- Large Taxpayers Service: P54.75 billion, up 7.61% or P3.87 billion more
The government currently has a name-and-shame campaign against erring taxpayers to help improve tax administration.
January to June performance
These brought the collections for the first 6 months of 2013 to P593.71 Billion, up 13.92% or equivalent to an additional P72.55 billion more than how much it collected in the same period in 2012.
Below is the breakdown:
- BIR Operations: P574.84 billion, up 15.29% or P76.25 billion more
- Non-BIR operations: P18.87 Billion, down 16.4% or P3.70 billion less than a year ago
Sin tax collections reached P38.54 billion, or P12.15 billion more than a year ago.
The new reform law increasing excise tax on sin products, particularly cigarettes and alcohol, took effect January 2013 and expected to raise additional P34 billion in the first year of implementation. – Rappler.com