Wednesday, December 19, 2012

BIR collections breach P1T mark

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MANILA, Philippines–The Bureau of Internal Revenue on Wednesday said that it has breached the record P1-trillion mark in collection for any given year, as of Dec. 17.


This means it has collected at least P30.7 billion during Dec. 1-17. The BIR earlier this week reported a yield of P969.34 billion for the 11 months to November, and counting.


“Considering projections of collections from other sources still unaccounted for as of (Dec. 17), the BIR could have hit the P1-trillion mark much earlier,” the agency said in a statement.


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Tags: Business , Government , internal revenue , News , tax



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