11 months BIR misses 2018 revenue target MB
By Charissa Luci-Atienza The Bureau of Internal Revenue (BIR) fell short of its P2.043-trillion revenue target for 2018, collecting only P1.961 trillion in taxes last year, BIR Assistant Commissioner for Collection Services Alfredo Misajon reported to the House Committee on Ways and Means Tuesday. The BIR official said the collection shortfall reached P82.04 billion or 4.01 percent as against target. Tax collection in 2018 was 10.5 percent higher than in 2017’s P1.780 trillion, Misajon noted. Of the P1.961-trillion collection in 2018, P982.47 billion came from income tax collection; P358.27 billion from Value-Added Tax; P290.64 billion from excise tax; P113.93 billion ... more