The Bureau of Internal Revenue said Tuesday it collected P273.134 billion (net of tax refund) in July 2023, surpassing its target for the month by 5.09 percent or P13.224 billion.
It was also higher by 38.37 percent or P75.744 billion than what the agency collected in the same month last year.
This brought the BIR’s gross collection in the first seven months of 2023 to P1.492 trillion (net of tax refund), up by 12.21 percent or P162.404 billion from a year ago.
The agency has a collection target of P2.639 trillion for 2023, representing an increase of P303.500 billion or 12.99 percent from the 2022 actual collection.
“With the intensification of the bureau’s tax enforcement activities, specifically on the campaign against sellers and buyers of fake receipts, and with our newly-forged partnership with multi-sectoral groups for the enhancement of taxpayers’ service, we are confident that the BIR can attain, if not surpass, its annual collection target this year,” BIR Commissioner Romeo Lumagui Jr. said in a statement.
