BIR's Jan. ’14 revenue up by 9.96% to P104.15-B

March 15, 2014 8:35 am 

By Joann Santiago

MANILA, March 14 (PNA) — Collections by the Bureau of Internal Revenue (BIR) expanded by 9.96 percent year-on-year in January 2014 to P104.15 billion, boosted by revenues from BIR operations.

This was, however, lower than the agency’s P113.59 billion target for the month.

In particular, collections from BIR operations rose by 11.88 percent to P99.61 billion over year-ago’s P89.03 billion.

On the other hand, revenues from non-BIR operations contracted by 20.13 percent to P4.54 billion from the P5.68 billion it got in the first month of 2013.

Collections by the regional offices continued its double-digit growth after last January’s level rose by 16.64 percent to P39.03 billion from the P33.46 billion in the same period last year.

Large Taxpayers Service (LTS) contributed P60.59 billion in the first month this year, 9.02 percent or P5.01 billion better than the P55.58 billion in January 2013.

The agency has a P1.46 trillion target for 2014.

It has been posting continued expansion in its revenue collections as the agency strengthens its collection program and fear-factor drives such as filing of cases to erring tax holders.

In 2013, the agency collection reached P1.22 trillion, 15 percent higher year-on-year but is still short of its P1.25 trillion goal. (PNA)

SCS/JS/RSM

Comments

Comments are closed.