The Bureau of Internal Revenue said Tuesday it collected P273.134 billion (net of tax refund) in July 2023, surpassing its
It was also higher by 38.37 percent or P75.744 billion than what the agency collected in the same month last year.
This brought the BIR’s gross collection in the first seven months of 2023 to P1.492 trillion , up by 12.21 percent or P162.404 billion from a year ago. The agency has a collection target of P2.639 trillion for 2023, representing an increase of P303.500 billion or 12.99 percent from the 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,” BIR Commissioner Romeo Lumagui Jr. said in a statement.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bureau of Customs expands facilities in MindanaoThe Bureau of Customs expects increased revenue collections and improved services in Mindanao following the expansion of its facilities at
Read more »
Customs collection seen higher with new buildingTHE Customs bureau said it expects higher revenue collections in Collection District X following the establishment of its new building at the Sub-Port of Mindanao Container Terminal (MCT). The Bureau of Customs (BOC) recently unveiled its new building located at the Phividec Industrial Estate in Tagoloan, Misamis Oriental. “With the…
Read more »
BI vows immigration process done in 45 secondsFor an extra P2.63 billion in its budget next year, the Bureau of Immigration (BI) said it would process incoming
Read more »
9 areas still under Signal No. 1 as Goring weakensTropical Cyclone Wind Signal (TCWS) No. 1 remained hoisted over nine areas even as Typhoon Goring weakened while moving over the Philippine Sea, state weather bureau PAGASA said late Monday morning.
Read more »
3 Pinay traffic victims back from ChinaThree Filipino women believed to be victims of a human trafficking syndicate were repatriated from China, the Bureau of Immigration
Read more »
August inflation seen faster on increased oil, rice pricesInflation in August likely rose to 5 percent from 4.7 percent in July on elevated global oil prices and the
Read more »