(Eagle News) — The Bureau of Customs generated P49.334 billion in revenues in May, surpassing its target for the month by 6.6 percent. In a statement, the bureau said the increase of P3.058 billion was despite the COVID-19 pandemic and its effects. Based on the preliminary report from the BOC Financial Service, the P49.334B collection includes additional revenues from the Tax Expenditure Fund (TEF) amounting to P50.16 million and Post Clearance Audit Group (PCAG) collection […]
Tag: target collection
BIR did not reach target for May
Despite its crackdown on tax evaders, the Bureau of Internal Revenue failed to reach its target collection for the month of May.





