BIR sets detailed tax audit after slow collection in April
Collections of the Bureau of Internal Revenue (BIR) in March rose by nearly a tenth from a year ago but still fell short of the government’s goal despite aggressive campaigns against tax evaders. INQUIRER FILE PHOTO/RICHARD A. REYES
MANILA, Philippines—The Bureau of Internal Revenue (BIR) has announced plans for more detailed audits of taxpayers suspected of hiding profits from the government as part of efforts to boost collections.
BIR collections for April, the year’s tax season, grew at a muted pace despite aggressive government campaigns to get firms and professionals to pay more.
“The BIR still believes that it will be able to recover during the remaining months of the year,” the state’s main money-maker said in a statement.
Collections for April stood at P156.1 billion, 4.78-percent higher year-on-year. This was the slowest growth for any month so far this year. The BIR’s revenue was also short of the goal of P176.51 billion for the month.
RELATED STORIES
