The BIR collected
A breakdown of the May tax revenue figure shows that collections from the BIR operations, or regular tax revenues, reached
Non-BIR operations' collections, such as taxes imposed on government securities sold by the
Collections by the BIR's regional offices surged 20.35 percent to
Meanwhile, collections by the large taxpayers amounted to
For fullyear 2014, the bureau is aiming to collect about
To achieve this year's goal, the tax bureau is stressing the need for the Fiscal Incentives Rationalization Law to effect urgent reform to avert the huge losses incurred by the government in the form of foregone revenue every year.
The objective of the bill is to enhance transparency in government by making local units accountable for the incentives they grant.
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