Internal Revenue collection for October 2014 hits P101.8 billion

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The Bureau of Internal Revenue has collected P101.8 billion for the month of October 2014.

The tax revenue collected is 6.5% or P6.2 billion more than in October of 2013.

For October this year,2014, collections from operations amounted to P99.64 Billion, which is P6.42 billion or 6.88% more than in October last year.

Collections from non-BIR operations amounted to P2.16 Billion, which is P204 Million or 8.6% less than the collections made in October 2013.

Collections by the Regional Offices amounted to P39.61 billion, or P6.89 billion or 21.08% more than the collections made in October 2013.

While collections by the Large Taxpayers Service amounted to P60.03 Billion, P476.61 million or 0.79% less than the collections made in October 2013.

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