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’15 tax take goal attainable, says Henares

/ 12:10 AM July 29, 2015

INTERNAL Revenue Commissioner Kim S. Jacinto-Henares said a tax take of P1.5 trillion by the end of the year would be “very doable,” a promise mentioned by President Aquino in his last State of the Nation Address (Sona) on Monday.

In a text message on Monday night, Henares said the largest tax-collection agency was even hopeful to hit the target of P1.674 trillion earlier set by the Cabinet-level, interagency Development Budget Coordination Committee (DBCC). The Bureau of Internal Revenue’s 2015 goal is equivalent to 12 percent of the gross domestic product (GDP).

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President Aquino, in his sixth and final Sona, noted that the BIR first hit the P1-trillion collection mark in 2012, while this year, the agency “will collect up to P1.5 trillion.” Ben O. de Vera

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TAGS: BIR, Bureau of Internal Revenue, Business, DBCC, Development Budget Coordination Committee, GDP, internal revenue, kim s. jacinto-henares, SONA, tax, the gross domestic product
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