THE Bureau of Internal Revenue (BIR) said on Wednesday that it has exceeded its tax collection goal from operation last month by P3 billion.
BIR Commissioner Joel Tan-Torres said the country’s main tax collection agency generated P44.9 billion tax revenue from operation in February, higher by 8.3 percent compared to P41.43 billion goal for the month.
Tan-Torres told reporters on the sidelines of Philippine Economic Briefing that they are still expecting P2 billion to P3 billion in the coming days, so likely they will be exceeding their overall target by P3 billion in February.
Tan-Torres also said tax collection from the sale of Treasury bills, meanwhile, is still short by P1 billion against the target of P4 billion.
Overall, he said the BIR, which accounts for more than 75 percent of the national government’s revenue, is still short of target for February by P1.04 billion to P47.21 billion against the P48.252 billion target.
This has been the third straight month the BIR has exceeded its programmed collection since December last year. (PIA-Bohol)
