Politics · Philippines Bureau
Philippine tax bureau logs 5.63% revenue growth through October
The Bureau of Internal Revenue collected P2.814 trillion in gross revenues during the first ten months of 2026, surpassing last year's performance by nearly P150 billion. October collections alone reached P348.54 billion, continuing the upward trajectory.
LSN Philippines ·
MANILA — The Bureau of Internal Revenue reported a significant boost in tax collection performance, with gross revenues totaling P2.814 trillion from January through October 2026, data released Nov. 12 showed.
The figure represents a gain of P149.86 billion, or 5.63 percent, compared with the corresponding ten-month period in 2025, according to the agency's latest collection report. The steady increase reflects improved compliance and economic activity across the country's major revenue-generating sectors.
October's collections reached P348.54 billion, maintaining the momentum demonstrated throughout the year. The consistent month-to-month performance suggests sustained growth in both individual and corporate tax contributions, which form the backbone of government revenue.
The BIR's strong collection numbers are crucial to the government's fiscal operations and infrastructure development programs. With nearly two months remaining in 2026, tax officials are tracking toward potentially exceeding full-year revenue targets set in the national budget.