THE PHILIPPINE government’s main revenue-generating agencies are confident of meeting their revised full-year targets, after posting higher collections in the first half of the year.
Bureau of Internal Revenue (BIR) Commissioner Charlito Martin R. Mendoza said faster economic growth in the second half of the year will boost tax collection.
“Hopefully, our infrastructure spending will improve, and our economic activities will accelerate in the coming months,” Mr. Mendoza told reporters last week.
“We are hoping for a higher gross domestic product growth in the coming months because it really has an impact on value-added tax, percentage tax and other business taxes,” he added.
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