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Bigger VAT collection expected next year


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The government expects an increase of over a fifth in value-added tax (VAT) collections next year on the back of sustained growth of domestic consumption and imports.

Data from the Department of Finance (DOF) showed that the combined collections of the Bureaus of Internal Revenue (BIR) and of Customs (BOC) would likely hit P455.52 billion next year, or 21 percent higher than this year

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interesting how they reached last years total in just the first 5 months of this year. the 5 months before the elections...

looks like they should have no problem reaching next years goals with what must be increased efficiency in collection.

i wonder how the elimination of vat on electricity will change their outlook?

 

sometimes i wonder why i bother wondering about the sorts of things i wonder about.

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