BIR exceeds September collection goal

ABS-CBN News

Posted at Oct 09 2017 03:24 PM

MANILA - The government exceeded its tax collection target in September, according to preliminary data from the Department of Finance released on Monday.

The P138.17-billion haul of the Bureau of Internal revenue in September was 6.2-percent higher than the P130.12 billion programmed for the month. It was also 21.5 percent higher than the same period last year.

However, January to September collections of P1.302 trillion was short of the P1.35-trillion goal, even as it was 10.8 percent higher than collections during the same period in 2016.