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BIR exceeds 2020 tax collection goal


BIR exceeds 2020 tax collection goal
By TED CORDERO, GMA News
Published January 26, 2021 2:00pm
The Bureau of Internal Revenue (BIR) has exceeded its tax collection target for 2020 despite the challenges brought by the COVID-19 pandemic.
In a statement, BIR Commissioner Caesar Dulay said the taxman collected a total of P1.94 trillion last year, surpassing its goal of P1.69 trillion by P255.19 billion.
The BIR exceeded its target by 15.14% in January to December 2020 the highest percentage ever recorded in the bureau’s history for the past two decades.
“It’s the first time that BIR went above its goal by 15%. The last time the BIR hit its goal was in 2001 and 2003, that was 17 years ago,” Dulay said. ....

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