BIR exceeds November collection target, but still P96.8B off full-year target

MANILA, Philippines — The Bureau of International Revenue reported collecting P110.8 billion in taxes in November, exceeding by 8 percent its target of P103 billion.

But the BIR data also showed that the January-November collections reached P969.3 billion, about P96.8 billion short of the full-year target of P1.066 trillion.

Internal Revenue Commissioner Kim Henares has reiterated in the past few months that she is confident the agency would achieve a record P1 trillion this year.

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Tags: Bureau of Internal Revenue , Business , state budget and taxes , tax collections