The Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. announced that the agency not only achieved its annual collection target for 2024 but is also projected to surpass it by billions. This marks the first time in two decades that the BIR has met its goal. The achievement is attributed to the agency's focus on good governance principles, including aggressive enforcement, excellent taxpayer service, integrity, professionalism, and digitalization.
The Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. on Monday confirmed that the agency did not only reach its annual collection goal for the first time in 20 years but was also on track to exceed the level by the billions.
Lumagui reported last week that the BIR reached its 2024 DBCC collection target, ending a 20-year drought for the agency. Since his appointment in 2022, Lumagui focused on his four pillars of good governance which include fearless and aggressive enforcement activities, excellent taxpayer service, integrity and professionalism of the institution and its employees and digitalization.
TAXATION GOVERNMENT FINANCE ECONOMIC GROWTH PHILIPPINE ECONOMY BIR
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