The Bureau of Internal Revenue (BIR) and the Bureau of Customs have exceeded their combined collection target, the Department of Finance (DOF) said on Thursday, March 17.
In a statement, the DOF’s Revenue Operations Group (ROG) said the government’s two main tax agencies collected P2.732 trillion from January to December 2021, beating by 1.26 percent their P2.698 trillion goal for the year.
Finance Undersecretary Antonette C. Tionko said the amount raised by the BIR and Customs was 9.78 percent more than their 2020 actual combined collection of P2.489 trillion.
In 2021, the BIR collected P2.086 trillion, or 0.25 percent above its target set by the Development Budget Coordination Committee (DBCC) of P2.081 trillion for the year.
The BIR collection last year was also 6.93 percent over its actual collection of P1.951 trillion in 2020, said Tionko, who heads the ROG.
For its part, Customs collected P645.77 billion, as against its DBCC-set goal of P616.75 billion, or 4.70 percent above target. It also surpassed its actual 2020 collection of P537.69 billion by 20.10 percent, she added.
The DBCC is an inter-agency body that sets the country's macroeconomic targets.
On a per-day basis, the BIR and Customs’ combined collection averaged around P11.02 billion per day as against its daily collection target of P10.88 billion, according to ROG estimates.