BIR tops Januar-February target with PHP 530.055B

The Bureau of Internal Revenue opened 2026 with net collections of PHP 530.055 billion from Jan. 1 to Feb. 28, posting an early revenue gain and exceeding its target for the two-month period.

Preliminary figures showed the BIR surpassed its internal collection goal of PHP 527.775 billion by PHP 2.280 billion, equivalent to 100.43% of target, net of tax refunds.

The agency also collected PHP 15.307 billion more than the PHP 514.748 billion posted in the same period in 2025.

That translated to a 2.97% year-on-year increase in net collections, reflecting what the BIR described as steady improvements from intensified tax administration, stronger enforcement efforts and ongoing measures to boost taxpayer compliance nationwide.

The BIR said the result marked a strong start to 2026 despite global economic headwinds.

The bureau said it remains optimistic about sustaining revenue growth and meeting its 2026 goals.

It added that it would continue pursuing its mandate through a balanced and people-centered approach aimed at raising revenues for national development while protecting taxpayers’ rights and strengthening stakeholder trust and confidence.

The BIR is the government’s main tax collection agency and plays a central role in funding public services, infrastructure and other state spending.

Higher tax collections are closely watched because they help support the national government’s fiscal position and reduce pressure to rely more heavily on borrowings.

The bureau said the latest performance reaffirms its support for the fiscal stability and inclusive growth agenda of President Ferdinand R. Marcos Jr.

It also said that, under the guidance of Finance Secretary Frederick D. Go, the agency remains committed to advancing fiscal discipline, institutional modernization and responsive public service for the benefit of the Filipino people.