Charlito Mendoza, BIR Commissioner, Speaks on Tax Collection for 2025
BIR – The Bureau of Internal Revenue is targeting a higher tax collection target for 2026 despite being likely to miss its 2025 goal.
The tax-collecting body in the Philippines is the Bureau of Internal Revenue. Amid the flood control mess in the country, a court in Pasig City ordered the closure of the firms owned by Sarah Discaya due to a P1.1 billion unpaid taxes. Amid the corruption issue that surrounds the Philippine government now, the bureau admitted that it is most likely to miss its 2025 target.
BIR commissioner Charlito Mendoza admitted that the bureau is most likely to miss its P3.2 trillion tax collection collection target for 2025. Based on a report on ABS-CBN News, his statement came while they are still finalizing the data.
According to Mendoza, the initial tax collection amount for December is high but it might not hit the target for 2025. He also revealed the tax collected for 2025 amid the ongoing finalization of the December data.
“We will collect around P3.1 billion. So as of yesterday, net of refund na yun. We already have collected P3 trillion and P100 billion. Natutuwa ako i-share sa inyo as of December naka-rebound tayo significantly. As of yesterday, nasa 7.5 percent na growth natin for December,” the BIR Commissioner said.
Furthermore, according to BIR Commissioner Charlito Mendoza, that boosted their tax collection initiatives and they reached the 2025 target in the first few months but the flood control mess supposedly affected the tax collection from July as the government spending was lower.
“Beginning July to November, growth rate bumaba significantly to 3.1 percent,” Mendoza said.
Based on the report, although the BIR did not hit its target this 2025, the P3.1 trillion tax collection is the highest in the record for two (2) decades now. According to Mendoza, despite that the BIR is most likely to miss its tax collection target for 2025, the bureau is eyeing a higher target of tax collection this year. It aims to collect P3.5 trillion by the end of 2026.
While it intends to increase the tax collection target this year, the bureau is still waiting for the announcement of the Development Budget Coordination Committee. The bureau is eyeing a 15.5% increase in its tax collection.
“For now, we are setting our goal on that na P3.58 trillion and that will be around 15.5 percent increase from our collection,” the Commissioner added.
Recently, President Bongbong Marcos signed the 2026 national budget and Malacañang spoke on the side of the administration on the approval of the P6.79 trillion budget for this year.