As the economy grew, the Bureau of Internal Revenue (BIR) was able to improve its efficiency in collecting taxes, with its tax take jumping 14.03 percent in November.
Still, the collection was below target.
The latest BIR data showed that the agency collected P179.36 billion in taxes in November, up from P157.29 billion in the same month last year. This was lower than the P186.55-billion goal.
In a statement, the country’s biggest revenue agency said its tax effort, or the share of its collections to the gross domestic product, rose to 14.5 percent as of September from 13.7 percent a year ago. The GDP grew by an average of 6.7 percent during the nine- month period.
Threshing out the data, collections from operations rose 13.94 percent year-on-year to P176.57 billion in November alone.
The Large Taxpayers’ Service also collected that month P114.96 billion, up 10.38 percent year-on-year, but below the P123.06-billion target.
Collections by revenue regions, meanwhile, jumped 21.22 percent year-on-year to P61.62 billion, exceeding the P60.04-billion goal.
In total, the BIR collected a total of P1.628 trillion from January to November, up 11.93 percent from P1.454 trillion in the same period last year. The number fell short of the P1.454-trillion target.