BIR exceeds Feb goal

Posted at 03/03/2010 11:54 AM | Updated as of 03/03/2010 11:54 AM

MANILA, Philippines- The Philippines' main tax agency likely exceeded its February tax collection goal by P3.4 billion pesos ($74 million), the finance minister said on Wednesday.

"These are very preliminary numbers," Margarito Teves told reporters.

The Internal Revenue chief clarified the overshoot was for its operational goal of P41.435 billion for the month, not including interest income from Treasury operations.


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2 comments

BIR was established to make

BIR was established to make the lives of SME owners miserable. Instead of helping SME, BIR milks these sector for their own benefit instead of the country.


I hope there will be a an

I hope there will be a an overhaul or a general audit in BIR. I believe this is the most corrupt agency.

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