The Bureau of Internal Revenue (BIR) said on Sept. 16, 2022 that it has exceeded its tax collection goal for the month of August 2022.
The tax agency reported a total collection of P228.938 billion in August 2022 against a
goal of P219.172 billion.
The BIR further said that it posted a collection surplus of P9.766 billion or 4.46%
higher than the goal.
Moreover, the BIR’s August 2022 collection was 23.03% or P42.860 billion higher when
compared to August 2021’s collection record.
For the period January to August 2022, the BIR said it collected P1.559 trillion, or an
increase of 12.25% or P170.168 billion year-on-year.
“Said collections represent more than 98% attainment of the BIR’s emerging goal of
P1.586 trillion for the said period,” the agency said.
Internal Revenue Commissioner Lilia Guillermo earlier said the BIR is eyeing a 98%
fully-electronic filing of taxes in 2022.