Finance department expects P2.71T tax collection in 2021 as economy reopens further

  • 📰 ABSCBNNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 83%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

MANILA - Finance Secretary Carlos Dominguez on Thursday said the government expects to collect some P2.

71 trillion in taxes in 2021 as the Philippines continues to ease economic restrictions linked to the COVID-19 pandemic.

The Bureau of Internal Revenue and the Bureau of Customs "achieved pretty close to 95 percent" in collections, the Finance chief said. But Sen. Grace Poe noted that while the BIR and BOC nearly reached 100 percent of their target, the agencies still lose billions due to "technical smuggling."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines