BIR Collections Hit P2.47 Trillion by End-September, Eyes Full-Year Target
The Bureau of Internal Revenue (BIR) collected P2.47 trillion in gross revenues by the end of September, a 5.6% increase year-on-year. Efforts to boost voluntary compliance and taxpayer assistance are showing results as the agency aims to meet its annual target. New regulations on the tax treatment of senior citizen discounts have also been issued.
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