The Bureau of Internal Revenue (BIR) has exceeded its first-half tax-collection goal with a P1.03-trillion take amid improving economic prospects and tighter tax-administration measures.
In a text message on Friday, Internal Revenue Commissioner Caesar Dulay said the BIR’s collections from January to June were 1.6 percent higher than the P1.02-trillion target for the first six months.
The first six-month tax take was also higher than the P956.4 billion collected in the same period last year, when the country was in the middle of the pandemic-induced recession caused by the strict COVID-19 lockdown.
With its above-target first-half performance, Dulay expressed confidence that the…
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