The Bureau of Internal Revenue (BIR) reported it has reached its revenue goal for the first four months of the year.
In a statement, the BIR, without citing figures, said it recorded a “historic feat” in achieving its collection target for January to April 2023.
Based on a BIR circular posted on the tax agency’s website, the total revenue goal for the first four months of 2023 is P826.8 billion.
The BIR assured reporters that while the actual collection figures are still being finalized, it has already met its four-month goal.
“We reached our goal for January to April of 2023. In the last 30 years, this feat was only done a handful of times. This is a strong and historic start for the BIR, taking into account that we are recovering from the economic repercussion caused by the pandemic,” BIR Commissioner Romeo Lumagui Jr. said.
“For this administration we need only address four areas of concern: intensification of enforcement activities, taxpayer’s service, integrity and professionalism (and) digitalization.
Fixing these areas will bring the BIR to greater heights. I am confident that as long as we address these areas, the BIR will reach its collection goal for 2023,” Lumagui said.
Based on the Bureau of the Treasury’s (BTr) January to March cash operations report released earlier this month, the BIR generated P505.2 billion in the first three months of the year.
This figure inched up by 0.48 percent from the P502.8 billion collected in the same period a year ago.
The three-month revenues of the BIR as reported by the BTr, however, fell below the January to March goal of P525.95 billion, with the latter based on the BIR’s circular.
For April alone, the BIR has a collection goal of P300.9 billion.
The BIR aims to generate P2.6 trillion for the entire year of 2023. – Angela Celis
