BUREAU OF INTERNAL REVENUE COLLECTIONS DOWN BY A FOURTH
Collections of the Bureau of Internal Revenue for the January to April period declined by a fourth compared to its year ago level as the effects of the ECQ took its toll on the economy
The BIR collected P527.4 billion from January to April, down 25.4 % or P179.3 billion. Much of the decline was attributed to the April collections which was 69 % lower than that of April last year.
April collections amounted only to P71.78 billion compared to the April last year’s revenues of P237.93 billion.