For August, the BIR collection reached P172 billion which was more than P53 billion over the target of P118 billion.
The DOF said the bureau’s collection performance for August was remarkable considering that Metro Manila and the four adjoining provinces, the prime source of revenues, experienced very limited movement of goods and services. The metropolis, Bulacan, Rizal, Laguna and Cavite were under modified enhanced community quarantine from Aug. 4 to 18.
Source: News Formal (newsformal.com)
Incredible. P96.44 billion higher than the target goal of P1.192 trillion. BIR should explain the reason(s).🧐
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