BIR says it exceeded 2024 collection goal

THE Bureau of Internal Revenue (BIR) on Tuesday said it exceeded its revised P2.85-trillion collection goal in 2024, mainly driven by value-added tax (VAT) collection. “Although the numbers are still being finalized, the BIR confirmed that they have definitely reached the P2.848-trillion mark for 2024,” BIR Commissioner Romeo D. Lumagui, Jr. said in a press