Manila:The Bureau of Internal Revenue (BIR) has reported a 5.63% increase in gross revenue collections from January to October this year, with total collections reaching PHP2.814 trillion as of November 12.

According to Philippines News Agency, for the month of October alone, the gross collections rose by 5.92% to PHP348.54 billion.

BIR Commissioner Charlito Mendoza expressed confidence in surpassing the PHP3 trillion collection mark before the end of November. He emphasized the agency's goal to sustain an above 5% year-on-year growth. Mendoza also highlighted ongoing efforts to enhance tax compliance and protect the revenue base, while simplifying the process for taxpayers to meet their obligations.

The BIR is focused on strengthening revenue collection through improved revenue monitoring, enforcement actions against tax evasion and illicit trade, and enhancements in taxpayer services.