00:00The Department of Finance, or DOF, reported that total tax collections for this year reached 3.55 trillion pesos as of the end of November.
00:08This is an 11.5% increase compared to the previous year, driven by a 13.9% growth in Bureau of Internal Revenue, or BIR, collections,
00:16amounting to 2.67 trillion pesos and a 4.7% rise in Bureau of Customs, or BOC, collections, which totaled 850 billion pesos.
00:26According to the DOF, the improved collection performance can be attributed to enhanced digitalization efforts and stricter enforcement measures by the BIR and the BOC.
