BIR collections hit P2.47 trillion
The Bureau of Internal Revenue generated P2.47 trillion in gross revenues as of end-September, as it stepped up efforts to encourage voluntary tax compliance and assist taxpayers.
The Bureau of Internal Revenue (BIR) in the Philippines collected P2.47 trillion in gross revenues by the end of September, marking a 5.6% increase compared to the same period the previous year. This significant boost in collections was attributed to the implementation of voluntary compliance and taxpayer assistance initiatives by the revenue regions, large taxpayers services, and support units.
BIR Commissioner Charlito Martin Mendoza emphasized the importance of taxpayer cooperation, stating that the success of revenue collection is a joint effort between taxpayers and the BIR. Furthermore, the agency's DARES agenda, which includes reforms such as the taxpayer portal and nationwide CHAT (counsel, help, assist taxpayers) activities, has contributed to the increase in collections.
These initiatives align with President Marcos' directive to bring government services closer to the people and Finance Secretary Frederick Go's focus on creating a business-friendly environment. In other news, the BIR has permitted various establishments to collaborate and share the senior citizen discount in line with guidelines from the Department of Health.
This agreement, outlined in Revenue Regulations 07-2026, allows for shared discounts while ensuring that the total deductible expense from gross income does not exceed the portion corresponding to each claimant's share under the agreement.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
