Collections of the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) reached P2.732 trillion in 2021, higher by 1.26 percent from their combined collection target of P2.698 trillion.
Carlos Dominguez III, Department of Finance (DOF) secretary, said the amount raised by the two agencies was 9.78 percent more than their 2020 actual combined collection of P2.489 trillion.
Data from the DOF’s revenue operations group (ROG) showed the BIR collected P2.086 trillion, up 0.25 percent from its target of P2.081 trillion for the year.
“The BIR collection for 2021 was also 6.93 percent over its actual collection of P1.951 trillion in 2020,” said Antonette Tionko, DOF undersecretary and head of the ROG.
The BOC meanwhile collected P645.77 billion, higher by 4.7 percent from its target collection of P616.75 billion. This was also up 20.10 percent from its 2020 collection of P537.69 billion, Tionko said.
On a per-day basis, the BIR and BOC’s combined collection averaged around P11.02 billion per day as against its daily collection target of P10.88 billion, the ROG estimates show. – Ruelle Castro
