Saturday 23 June
Powered by Ajaxy
Dec 27, 2017 @ 15:45

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.

Tags: , , , , , , , , , , , , , , ,

Related Stories
The International Monetary Fund has called on Saudi Arabia to keep public spending under control,
Dennis Uy-led Chelsea Logistics Holdings Corp. (CLC) grew its January to March net income by
Philex Mining Corp. managed to pare down its debt to $2.45 billion ($49 million) as


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.