The tax take of the country’s biggest collection agencies and other revenue offices climbed 22.5% in May, resulting in another budget surplus.
Total collections hit P317.2 billion last month. The Bureau of Internal Revenue’s collections rose a fifth to P204.8 billion, while the Bureau of Customs saw revenues increase by 10.3% to P58.2 billion.
Revenues of the Bureau of the Treasury soared 67% to P35.7 billion due to higher dividends remitted by state-owned corporations.
Year-to-date revenues went up 10% to P1.3 trillion.
Visit and follow our website: TRENDING NEWS PH FILE
© TRENDING NEWS PH FILE
Loading...
0 comments:
Post a Comment