Government revenues surged in October on the back of sin tax reforms, with collections from tobacco and alcohol products exceeding targets, the Finance department said.

October saw a 79.8-percent increase to P14.55 billion, the department reported. That pushed up the year-to-date tally to P105.53 billion—22 percent higher than the yearago level and topping the Bureau of Internal Revenue’s (BIR) P87.8-billion target.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details