The country’s tax chief remains optimistic the Bureau of Internal Revenue (BIR) will be able to meet its collection goal for the full year after recording a positive performance in the first five months of 2023.
From January to May, the BIR’s total collection stood at P1.056 trillion, higher by 9.94 percent or P95.45 billion compared to tax revenues generated for the same period last year.
The BIR said when compared to its collection target for the same period, a P1.33 billion surplus was also registered.
“With the intensification of the bureau’s tax enforcement activities, specifically on the campaign against sellers and buyers of fake receipts, we are confident that the BIR can attain, if not surpass, its annual collection target this year,” BIR Commissioner Romeo Lumagui Jr. said in a statement.
For 2023, the BIR’s collection target was set at P2.599 trillion.
The revenue goal for the year is higher than the 2022 actual collection by 10.95 percent or P256.44 billion.
Just yesterday, the BIR conducted its second nationwide joint enforcement operations on illicit cigarettes, vape, wines, distilled spirits and other excisable articles.
The BIR has yet to disclose the total value of products seized in its country-wide operation.
