Philippines: BIR tax effort hits 10.67% in 2020
MANILA, Philippines — The Bureau of Internal Revenue (BIR)’s tax effort eased to 10.67 percent in 2020 as the pandemic-induced economic crisis slowed down the agency’s revenue generating capacity last year, the Department of Finance (DOF) reported yesterday. Citing an updated preliminary report from the BIR, the DOF said the tax effort of the country’s largest […]
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