THE national government’s tax collection as a percentage of the gross domestic product, or the tax to GDP ratio, improved to 14.09 percent of GDP in the first seven months of the year from 13.89 percent in the same period last year, the Department of Finance (DOF) said on Wednesday.

In absolute terms, tax revenue in the seven months to July rose 6.8 percent to P1.042 trillion from the year-earlier level of P976 billion, data from the DOF showed.

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