THE BUREAU of Internal Revenue (BIR) fell short of its end-July collection target by 8.2%, data from the Department of Finance (DoF) showed.
Preliminary data posted on the DoF’s Facebook page showed that BIR collections as of end-July stood at P1.68 trillion, falling short of its P1.83-trillion collection goal for the period by 8.2%.
The tally as of end-July represents 55.08% of the BIR’s P3.05-trillion collection target for 2024.
Year on year, the BIR’s seven-month revenues jumped by 12.58% from P1.49 trillion in the same period a year ago.
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