BIR collects P198.75B in March 2026

The Bureau of Internal Revenue (BIR) on Wednesday said its gross collection in March reached P198.755 billion, up 11.87%  or P21.086 billion higher year-on-year.

“Our March 2026 collection performance is encouraging, especially at this time of economic strain,” said BIR Commissioner Charlito Martin Mendoza.

“We at the BIR heed the directive of President Ferdinand R. Marcos Jr. and Finance Secretary Frederick D. Go to help ensure that the government has steady revenues to fund essential services and provide timely support, especially to those who need it most,” said Mendoza.

The taxman added it also released P11.368 billion in tax refunds last month, equivalent to “more than five times the amount released in March last year.”

This resulted in a net collection of P187.387 billion for the BIR in March, a 6.68% or P11.727 billion increase from the same month last year.

While the higher level of refunds tempered net collection growth, it also meant more funds were returned to taxpayers and businesses during the ongoing energy crisis, according to the BIR. — RSJ, GMA News