DESPITE the slow recovery by the economy, preliminary data from the Bureau of the Treasury showed that the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) met their respective collection targets for January.
The BIR, the government’s main revenue agency, collected P61.67 billion in January, exceeding by P5.67 billion its P56-billion target for the period. The January collections also topped the P55.3-billion collected in the same period last year.
Similarly, the BOC also beat its P14.091-billion revenue goal for the month of January with a collection of P17.602 billion. In the same month last year, the BOC collected P14.4 billion.
The BIR is tasked to collect P830 billion this year while the BOC has a collection goal of P278 billion. (PIA)
