The Bureau of Internal Revenue (BIR) exceeded its revenue collection goal in May by P78.22 million, according to a statement released on Monday.
Revenue Performance in May
Gross revenues reached P279.13 billion in May, which is 14.15 percent higher than the total collection in the same month last year. This also surpassed the P279.056 billion target set for the month.
BIR Commissioner Charlito Martin Mendoza attributed the high collection in May to the extended income tax return filing and the continued cooperation of taxpayers in meeting their tax obligations.
First Five Months Performance
For the first five months of the year, the BIR's collection reached P1.434 trillion, higher by 5.49 percent year-on-year and also exceeded the Bureau's P1.424 trillion target.
"The extension granted by President Ferdinand R. Marcos Jr. helped taxpayers manage their finances and comply with their tax obligations in a more orderly manner during this energy crisis. It gave taxpayers additional time to file and pay correctly while easing compliance pressures during a difficult period," Mendoza said.
Reforms and Initiatives
Mendoza noted that BIR reforms also helped boost collections. In May, the BIR launched several initiatives:
- The Taxpayer Portal for the Large Taxpayers Service
- Rollout of the Registration Seal Badge and QR-enabled Certificate of Registration for online businesses
- Implementation of the Ease of Closing Business reform, which simplified the closure and cancellation of BIR registrations
- Issuance of measures to implement the new mining royalty regime under Republic Act No. 12253
"The May results show that revenue growth and BIR Dares reforms can move together. We will continue to support taxpayers through clearer rules, simpler processes, and better digital services, while protecting the revenue base through stronger enforcement and compliance monitoring," Mendoza added.
