BIR, BoC collections boosted by Train law

The tax and customs bureaus grew their collections in the first two months of the year, Finance Secretary Carlos Dominguez 3rd said on Wednesday, attributing the gains to the newly implemented Tax Reform for Acceleration and Inclusion (Train) law.

“In the first two months of this year since the Train was passed, we are actually collecting more revenues than expected,” Dominguez said in a speech.