• BIR falls short of July collection target

    0

    The Bureau of Internal Revenue (BIR) collected P100.1 billion in tax revenues for July 2013 but slightly missed its collection target for the month.

    In a statement, the BIR said that its July collection was P16.58 billion, or 19.85 percent higher compared to the collections made in the same month last year.

    However, the July collection was P626 million, or 0.62 percent less than the goal for the month, which was P100.72 billion.

    It added that collections from BIR operations amounted to P94.94 billion, P15.82 billion, or 20 percent more than collections made in July 2012. It is also P1.06 billion, or 1.11 percent less than the goal set for BIR operations for July 2013 of P96 billion.

    Meanwhile, collections from non-BIR operations amounted to P5.16 billion, P761million, or 17.3 percent more than collections made in July 2012.

    Collections by the regional offices amounted to P33.48 billion, or P4.02 billion, or 13.66 percent more than the collections made in July 2012.

    Collections by the large taxpayer service amounted to P61.46 billion, P11.80 billion, or 23.76 percent more than collections made in July 2012. The said collection is P2.11 billion, or 3.56 percent more than the goal set for July 20123

    Earlier, the tax bureau said that its collection target this year remains at P1.253 trillion, 17.59 percent higher than the previous year’s P1.058 trillion.

    “We’re still trying to still hit the P1.253 trillion. Whatever people are saying, that is where our eyes at. If we hit it then very good, if we don’t, then we explain why,” BIR Commissioner Kim Jacinto Henares said.

    Henares also affirmed BIR’s commitment to double its 2010 collection to about P1.6 trillion by 2015 by accelerating its tax collections effort.

    “One of our focus is really the estate tax, broadening the tax base—the number of people registered especially the self-employed and the professionals and increasing their average,” she said.

    Share.
    loading...
    Loading...

    Please follow our commenting guidelines.

    Comments are closed.