Sunday 16 December
Dec 27, 2017 @ 15:45

Gov’t collects P244 B taxes in November as BIR, Customs step up their game


The Philippine government had more to spend after agencies posted double-digit growth in revenue collections.

The national government raised P243.5 billion revenues in November, posting a 16% jump from the P209.2 billion collected a year ago, according to the Bureau of the Treasury.

The Bureau of Internal Revenue collected bulk of these taxes at P179.4 billion, up by 14% from November 2016. This is followed by a faster 15% surge in collections from the Bureau of Customs worth P46.4 billion.

This brought the latest collections to P2.25 trillion, improving by 11% from the P2.03 trillion revenues from January-November 2016, the Treasury said.

“Revenues from other offices attained a 51% increase at P11 billion for the month on the back of higher remittances of fees and charges form various offices,” the bureau added, noting that these non-tax duties have also boosted public coffers.

Please follow and like us:

Tags: , , , , , , , , , , , , , , ,

Related Stories
Telco giant PLDT Inc. expects its wireless consumer business to recover this year after posting
Tax reform helped add P300 billion more in government funds.
GT Capital Holdings Inc.?s nine-month net income was virtually unchanged from a year ago, largely
Davao-based businessman Dennis Uy?s Phoenix Petroleum saw its third quarter net income nosedive to P350.3


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.