BIR posts P2.81T collections from Jan. to Oct. 2026, up 5.63%

The Bureau of Internal Revenue (BIR) said on Thursday that it recorded P2.84 trillion in gross collections in the first ten months of the year.

The latest figures are up by P149.86 billion or 5.63% from the January to October period in 2025.

For October 2026 alone, the BIR gross collections stood at P348.54 billion. This is also a rise from the P203.581 collections posted in September.

The BIR is aiming to surpass the P3 trillion collection target before November ends.

“We are looking to breach the P3 trillion mark in revenue collections before the end of November and aim to sustain our above 5% year-on-year growth. We will continue to strengthen tax compliance and protect the revenue base while making it easier for taxpayers to fulfill their obligations,” said BIR Commissioner Charlito Martin Mendoza in a statement.

The Department of Finance earlier said the government is projected to gain P5.5 trillion in total revenues by the end of the Marcos administration as tax collections are expected to grow by 9% annually until 2028.

With the projection, the DOF said the BIR and the Bureau of Customs are expected to beef up its collection efforts. —VAL, GMA News