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Gov’t tax revenue soars to P3.55-T as of end-November
PTVPhilippines
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1 year ago
Gov’t tax revenue soars to P3.55-T as of end-November
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00:00
The Department of Finance, or DOF, reported that total tax collections for this year reached
00:07
3.55 trillion pesos as of the end of November.
00:12
This is an 11.5% increase compared to the previous year, driven by a 13.9% growth in
00:20
Bureau of Internal Revenue, or BIR, collections, amounting to 2.67 trillion pesos and a 4.7
00:29
percent rise in the Bureau of Customs, or BOC, collections, which totaled 850 billion
00:38
pesos.
00:39
According to the DOF, the improved collection performance can be attributed to the enhanced
00:45
digitalization efforts and stricter enforcement measures being implemented by the BIR and
00:52
BOC.
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