The Bureau of Internal Revenue (BIR), under the leadership of Commissioner Romeo D. Lumagui, Jr., collected ₱ 273.134 Billion (net of tax refund) in July 2023, surpassing its collection target by 5.09% or ₱ 13.224 Billion for the said month. Said collection is higher by 38.37% or ₱ 75.744 Billion…
The Bureau of Internal Revenue , under the leadership of Commissioner Romeo D. Lumagui, Jr., collected ₱ 273.134 Billion in July 2023, surpassing its collection target by 5.09% or ₱ 13.224 Billion for the said month. Said collection is higher by 38.37% or ₱ 75.744 Billion compared to tax collections for the same period last year.
In terms of cumulative collection from January to July 2023, the BIR’s Total Gross Collection stood at ₱ 1.492 Trillion , which is higher by 12.21% or ₱ 162.404 Billion compared to tax collections for the same period last year. For CY 2023, the BIR’s collection target was set at ₱ 2.639 Trillion, which is higher by ₱ 303.500 Billion or 12.99% than the CY 2022 actual collection.
“With the intensification of the Bureau’s tax enforcement activities, specifically on the campaign against sellers and buyers of fake receipts, and with our newly-forged partnership with multi-sectoral groups for the enhancement of taxpayers’ service, we are confident that the BIR can attain, if not surpass, its annual collection target this year”, said Commissioner Lumagui.
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