Gov’t collects P244 B taxes in November as BIR, Customs step up their game
The Philippine government had more to spend after agencies posted double-digit growth in revenue collections.
The national government raised P243.5 billion revenues in November, posting a 16% jump from the P209.2 billion collected a year ago, according to the Bureau of the Treasury.
The Bureau of Internal Revenue collected bulk of these taxes at P179.4 billion, up by 14% from November 2016. This is followed by a faster 15% surge in collections from the Bureau of Customs worth P46.4 billion.
This brought the latest collections to P2.25 trillion, improving by 11% from the P2.03 trillion revenues from January-November 2016, the Treasury said.
“Revenues from other offices attained a 51% increase at P11 billion for the month on the back of higher remittances of fees and charges form various offices,” the bureau added, noting that these non-tax duties have also boosted public coffers.