MANILA – For the first five months of the year, the Bureau of Internal Revenue (BIR) collected P827.91 billion. This is P24.91 billion more or 3.10 percent higher than the goal of P803 billion set for the period.
Likewise, the BIR posted a growth rate of 14.76 percent or an increase of P106.51 billion compared to the 2017 collection for the first five months of P721.40 billion.
Minus the goal from Non-BIR Operations (over which the Bureau has no control), the surplus is pegged at a higher rate of 3.76 percent or P29.38 billion.
For the month of May 2018, the BIR collected P172.49 billion in tax revenues compared to the goal of P166.75 billion which translates into a surplus of P5.74 billion or a growth rate of 3.44 percent.
As against the May 2017 collection of P158.81 billion, the Bureau recorded a growth rate of 8.61 percent or an increase of P13.67 billion.
Minus the goal from Non-BIR Operations (over which the Bureau has no control), the surplus is pegged at a higher rate of 4.31 percent or P7.02 billion.
The Bureau posted an achievement rate of 103.10 percent for the period January to May 2018 and 103.44 percent for the month of May 2018./PN
