THE Bureau of Internal Revenue (BIR) announced that it exceeded the P2.848-trillion target collection set by the Cabinet-level Development Budget Coordination Committee (DBCC) for 2024.
THE Bureau of Internal Revenue announced that it exceeded the P2.848-trillion target collection set by the Cabinet-level Development Budget Coordination Committee for 2024.
“The exact figures will be finalized by around mid-February, and by then, the collection figures will only increase past the DBCC target,” Internal Revenue Commissioner Romeo D. Lumagui Jr. was quoted in the statement as saying. This, the BIR said, was also amid the Philippine economy’s “weaker-than-expected” 5.2 percent growth in the third quarter.
“Our dedication to Good Governance reforms, manifested by our shift to a taxpayer-oriented agency, has increased the voluntary compliance of taxpayers,” Lumagui said.
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