BIR certain of hitting P2.85-T goal for 2024

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The story "BIR certain of hitting P2.85-T goal for 2024" was covered 10 hours ago by Business Mirror, a news publisher based in Philippines.

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BIR certain of hitting P2.85-T goal for 2024 - Business Mirror

Quick Summary:

DESPITE falling short of the government’s mid-year revenue assumptions, the Bureau of Internal Revenue (BIR) remained confident of reaching its P2.848-trillion full-year revenue goal on the back of taxing vape products and online sellers.

That’s why one of the primary reasons of imposing this is so that we will have the visibility on online transactions,” Lumagui explained.

Whether the close to P3 trillion revenue target, or exactly P2.848 trillion, is within reach, Lumagui said the BIR is doing everything it can to achieve it.