Wednesday, 20 April 2011 14:04
Malacañang welcomed the news that the Bureau of Internal Revenue (BIR) had exceeded its collection targets for March as well as the first quarter of the year.
In a press briefing at Malacañang on Monday, Presidential Spokesperson Edwin Lacierda expressed hope that the BIR would continue its revenue collection surpassing streak to meet its year-end target of P940-billion.
“So we hope it (BIR’s revenue collection target surpassing streak) will continue but then again it will depend on the business conditions,” Lacierda said.
BIR Commissioner Kim Henares said recently that the bureau had exceeded its March collection target by P3.5-billion or by about 5.13 percent from P68.07-billion last year to P71.56-billion due to an increase in income tax filers as well as enhanced collections efforts.
She said the agency raised a total of P 58.31 billion, an expansion of this year’s actual tax by P13.25 billion for a growth of 22.7 percent.
Because of this, the government was able to raise P199.55 billion in the first quarter, exceeding the goal for the period by P2.51 billion.
This first quarter performance also marks an expansion over the actual collections for the same period last year (2010), at P173.89 billion, by more than P25.65 billion for a growth of 14.75 percent. (PCOO/PIA9-BST)
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