Malacañang underscores 14.19% tax revenue increase year-on-year

March 20, 2012 2:02 am 

MANILA, March 19 — Malacanang said the 14.19 percent year-on-year increase in tax revenue, achieved without imposing new taxes, is another positive testimonial for the administration’s efforts to improve tax collection.

"The tax enforcement program of the Bureau of Internal Revenue (BIR) has increased actual collections by P10.58 billion to P85.15 billion in January 2012 from P74.57 billion in the same period last year," Presidential Spokesperson Edwin Lacierda said in a statement issued on Monday.

For the month of January 2012, the BIR said it collected P85.15 billion in tax revenues- P80.69 billion from BIR operations and P4.46 billion arising from non-BIR operations.

Compared to the collections in January 2011 when the BIR generated P74.57 billion, this year’s actual collections are ahead by P10.58 billion, or an increase of 14.19 percent.

The Aquino administration reiterated it is not imposing new taxes but is focusing on how to improve the tax collections of the Bureau of Internal Revenue and the Bureau of Customs. (PNA) RMA/PCOO/ssc


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