THE Bureau of Internal Revenue (BIR) remains optimistic about sustaining revenue growth and meeting its 2026 targets despite mounting challenges.
“Despite global economic headwinds, the BIR remains optimistic and firmly committed to sustaining revenue growth and meeting its 2026 goals,” the bureau said in a statement on Friday.
“The bureau continues to pursue its mandate through a balanced and people-centered approach — raising the revenues needed to support national development while protecting taxpayers’ rights and strengthening stakeholder trust and confidence,” it added.
Preliminary data showed that the agency’s net collections reached P530.055 billion in the first two months of the year, surpassing its internal goal of P527.775 billion.
The figure is also P15.307 billion higher than the P514.748 billion recorded a year earlier.
The BIR said this was due to the “steady improvements from intensified tax administration, stronger enforcement efforts, and ongoing measures to boost taxpayer compliance nationwide.”
It collected a total of P3.105 trillion last year, which exceeded the P3.101-trillion emerging collection target — an operational aim separate from the official goal of P3.232 trillion.
The result — still an improvement from 2024’s P2.83 trillion — was blamed on the suspension of audit operations late last year in the wake of extortion allegations.
The bureau has been tasked to collect P3.579 trillion this year and BIR Commissioner Charlito Martin Mendoza said that anticipated economic growth would boost revenues from income, value-added and excise taxes.
Digitalization and monitoring initiatives to prevent leakages are also expected to help boost revenues.
