BIR collection up 10 percent; May 2023 target achieved

MANILA, Philippines — The Bureau of Internal Revenue (BIR), under Commissioner Romeo Lumagui Jr., has increased its collection by almost 10 percent for the first five months of this year, resulting in the attainment of its collection target for the period.

From January to May, the bureau’s total gross collection stood at P1.06 trillion, higher by 9.94 percent or P95.45 billion compared to same period last year.

Compared to the BIR’s collection target for the same period, a P1.33-billion excess was also registered.

For 2023, the bureau’s collection target was set at P2.6 trillion, which is higher than the 2022 actual collection by 10.95 percent or P256.44 billion.

“With the intensification of the bureau’s tax enforcement activities, especifically 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,” Lumagui said.