Business

DOF sees recovery in tax collections in August

Tax collections are faring better than expected.

Data from the Department of Finance showed total revenues reached P1.636 trillion as of August.

This is 7 percent better than the P1.53 trillion target set by DOF in the first eight months on

In August alone, the Bureau of Internal Revenue and the Bureau of Customs collected a combined P216.65 billion, up 40 percent from the monthly goal.

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