BIR collections hit P358B in July

MANILA, Philippines — The Bureau of Internal Revenue (BIR) outpaced its July collection target by over P22 billion, keeping it on track to hit its revised full-year goal.

In a statement on Wednesday, the BIR said gross collections reached P358.44 billion in July, up 5.7 percent from P339.03 billion in the same month last year. This allowed the agency to exceed its P336.07-billion monthly target by P22.37 billion, or 6.66 percent.

READ: BIR, BOC still upbeat on reaching 2026 goals

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For the first seven months of the year, the agency collected P2.003 trillion, 5.4 percent higher than the P1.901 trillion collected in the same period last year. The amount also exceeded its P1.99-trillion target for the period by P13.53 billion, or 0.68 percent.

The latest year-to-date figure already accounts for about 59 percent of the BIR’s revised P3.393-trillion collection target for 2026.

The Development Budget Coordination Committee (DBCC) cut the full-year goal by about P38 billion, or 1.1 percent, from the original P3.431 trillion after lowering its 2026 growth forecast to 3.5 to 4.5 percent from 5 to 6 percent amid fallout from the corruption scandal and the Middle East oil shock.

READ: Gov’t cuts ’26 target tax take to P4.44T

BIR Commissioner Charlito Martin Mendoza attributed the agency’s collection performance to its five-point reform agenda, which includes simplifying tax rules and processes, expanding digital services, improving taxpayer assistance, strengthening audit safeguards and enforcing tax laws against deliberate noncompliance.

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“These results show that better taxpayer service, clearer rules, and effective enforcement can support stronger compliance and collection,” Mendoza said.

“We will continue helping taxpayers comply correctly and on time, while making sure that taxes properly due are collected fairly and efficiently,” he added. /pai