BIR, BoC surpass collection goals in July

THE government’s main revenue generating agencies breached their tax take targets in July, reflecting improvements in the country’s manufacturing and trade sectors, Finance Secretary Carlos Dominguez 3rd reported.

During the joint press conference of the members of Development Budget Coordination Committee (DBCC) on Thursday, Dominguez said the Bureau of Customs (BoC) was able to exceed its July collection by 5 percent due to higher import volumes.