BIR revenues rise to P279.1B in May

MANILA, Philippines – The Bureau of Internal Revenue (BIR) surpassed its collection target anew in May, generating P279.1 billion in gross revenues following the end of the extended annual income tax return filing season. In a statement on Monday, the BIR said May collections reached P279.135 billion, up 14.15 percent from the P244.5 billion recorded in the same month last year. READ: BIR collects P422B in April, exceeds target despite AITR deadline extension This figure also exceeded the agency’s target by P78.22 million The May performance came after the annual income tax return filing deadline was extended to May 15 from […]... Keep on reading: BIR revenues rise to P279.1B in May