BIR

BIR surpasses collection target for October 2022

December 1, 2022 Jun I. Legaspi 123 views

THE Bureau of Internal Revenue (BIR) surpassed its collection target for October 2022 by 1.48% or P 2.729 Billion.

This is based on the Bureau’s revised goal of P 184.030 Billion for the said month.

Compared to the BIR’s October 2021 actual collection (net of tax refund), the October 2022 net tax collection of P 186.759 Billion is higher by 15.20% or P 24.644 Billion.

For the cumulative collection of the BIR from January to October 2022, the BIR’s Total Collection (net of tax refunds) stood at P 1.919 Trillion, which is higher by 12.56% or P 214.213 Billion compared to net tax collections for the same period last year.

Said collections represent more than 97% attainment of the BIR’s revised goal of P 1.974 Trillion for the said period.

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