• BIR fails to reach May target, collects P111.90 billion

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    The Bureau of Internal Revenue (BIR) failed to reach its May 2013 collection target of P115.12 billion, as it only collected P111.90 billion in tax revenues for the said month.

    In a statement on Monday, the bureau said that its May collection was P3.22 billion, or 2.8 percent less than the goal set for the month.

    Compared to the collections made a year ago, the tax revenues for May 2013 was higher by P17.35 billion, or 18.35 percent.

    Moreover, collections from BIR operations amounted to P109.51 billion, higher by P17.24 billion, or 18.69 percent from the collections made in May 2012.

    It was P1.42 billion, or 1.28 percent less than the goal set for BIR operations for May 2013 of P110.93 billion.

    Meanwhile, collections from non-BIR operations amounted to only P2.39 billion, up by P104 million, or 4.57 percent compared to the collections made in May 2012.

    It was P1.80 billion, or 42.9 percent less than the goal set for non-BIR operations for May 2013 of P4.19 billion.

    On the other hand, collections by the regional offices amounted to P36.08 billion, or P7.08 billion, or 24.4 percent more than the collections made in May 2012, continuing with the regional offices’ double-digit growth performance.

    In addition, Large Taxpayer Service’s collections amounted to P73.42 Billion, up by P10.17 billion, or 16.07 percent more than collections made in May 2012.

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