The Department of Finance (DOF) said the government has decided to retain the revenue collection targets for the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC), despite the declaration of a national energy emergency. The decision was reported by Philstar Biz.
The energy emergency, which could disrupt economic activity and impact tax collections, did not prompt a revision of the BIR and BOC targets. The DOF emphasized that the agencies are expected to meet their assigned goals through intensified enforcement and improved collection efficiency.
Analysts note that maintaining the targets reflects the government's confidence in its revenue agencies, though challenges persist due to potential slowdowns caused by the energy crisis. The BIR and BOC together account for the bulk of government revenues, making their performance critical to fiscal plans.