OLONGAPO CITY-After exceeding the October target collection, the Bureau of Internal Revenue in Central Luzon (revenue region 4) on Sunday said it already surpassed the collection goal it had set for the entire 2020.
The BIR revenue region 4 said the cumulative collections of the 11 revenue district offices in the region already exceeded its 2020 target by 10.96 percent at the end of November.
Records showed that the 11 districts posted a combined revenue collection of a little over P26 billion compared to its target of P23.4 billion for this year.
The revenue collection, however, was still 14-percent lower than the collection last year, which was P30.4 billion.
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Keep on reading: With P26B collection in 11 months, BIR in C. Luzon already tops target for 2020