Projections of P500-B growth in tax revenue a tall order–CPBRD

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PROJECTIONS for tax revenues to expand by P500 billion annually in the next three years are exerting pressure on the two main tax-collecting agencies of the national government as tax revenue growth has consistently underperformed, according to Congress’s analysis.

Moreover, the analysis also noted the urgent passage of revenue-enhancing tax measures, still awaiting the Senate’s approval, would help boost revenue collection.

Non-tax revenues grew by 63.32 percent to P313.949 billion in the first half of 2024 from P192.228 billion in the same period in 2023.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Trillion Target Growth Collection Billion Year Analysis Revenues Revenue Non-tax

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 17:46:43 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 627 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21991624

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 51 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

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Publisher ID: #37

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