Tax collections by the Bureau of Internal Revenue (BIR) in the month of May showed double-digit growth from a year earlier, but still fell short of the target for the month.

The BIR collected P128.27 billion in tax revenues, up P16.37 billion or 14.63 percent year-on-year. The amount missed the expected P133.95 billion collection for May by P5.68 billion or 4.24 percent, data from the tax bureau showed on Tuesday.

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