BIR collections in 2012 up but below target

By Ronnel Domingo

Philippine Daily Inquirer

4:11 pm | Thursday, February 21st, 2013

MANILA, Philippines—The Bureau of Internal Revenue collected P1.058 trillion in 2012, missing its target by P8 billion.

BIR data released on Tuesday show that actual revenue jumped 14.5 percent year-on-year.

In December alone, the agency collected P88.6 billion, which was 15.5 percent higher than target and 18.7 percent higher than in the previous year.

For 2013, the BIR is tasked to raise P1.24 trillion or 16 percent higher than the P1.066-trillion goal last year.

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Tags: BIR , Government , News , taxes

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