The Bureau of Internal Revenue (BIR) said on Friday that though tax collections for November rose by 14.2 percent totaling to P126.5 billion, it still fell short of the collection P130.6-billion collection target for the month.
In a statement, the BIR said that tax collections for November increased by 14.2 percent, or an additional P15.7 billion to P126.5 billion compared to the P110.8-billion collection during the same month last year.
“Total collection for the period January to November [this year]totaled P1.1 trillion, exceeding the total actual collection for the whole year of 2012 which amounted to P1.058 trillion,” the bureau said.
Taxes collected from BIR operations amounted to P123.6 billion—14.6 percent, or P15.8 billion more than the collections last year.
On the other hand, collections by the Large Taxpayer Service totaled to P83 billion, a 24.8-percent increase, or P15.8-billion more than the figure in November 2012. The P83 billion was also 4.25 percent, or P3.4 billion more than the target set for the month.
“Collections from non-BIR operations amounted to P2.9 billion—P80.3 million, or 2.7 percent less than collections made in November last year,” the bureau said.