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BIR reports 20% hike in July collections

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The Bureau of Internal Revenue achieved a nearly 20-percent increase in tax collection in July, but still fell short of its target for the month.

This came as the government cited the need to ramp up its campaign against tax evasion, which officials claimed remained a rampant activity in the country.

The increase in tax collections, so far, this year is attributed to robust economic growth, which naturally comes along rising incomes of corporate and individual taxpayers. But tax officials admitted there was room for a more significant growth in government revenues, noting the serious problem of income under-declaration and non-payment of taxes.

In a report released yesterday, the BIR said tax collection in July amounted to P100.1 billion, up by 19.85 percent from P83.52 billion in the same month last year.

However, the collection for the month was 0.6 percent short of the target of P100.72 billion assigned by the Department of Finance.


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Tags: BIR , Business , tax collection , tax evasion

  • Pork lover boy

    Tumaas naman pala ang collection ninyo eh. Please huwag niyo na kaming hanapan pa kung nagbabayad kami doon sa 70% commission namin sa pork. (Ngising aso)

  • http://www.yellowmythbusters.gov.ph/ Weder-Weder Lang

    Let the numbers speak for themselves:

    2011 => P15.9 billion
    2012 => P 8.0 billion

    BIR Chief Kim Henares has missed target for two consecutive years. She’s about to miss this year’s target, too. Will PNoy finally give her a much deserved dressing down in public? Or will BIR Kim Henares just lower the bar and move the goalpost closer by revising down targets? Naku po.



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