Government expects to exceed revenue collection target in 2011.

By bne IntelliNews July 29, 2010
The government of Philippines is expected to exceed the revenue collection target of PHP 910bn in 2011. As reported by Dow Jones International News, Bureau of Internal Revenue (BIR) commissioner Kim Henares stated that tax collection in 2011 could even increase by more than 10% from this year's collection target of PHP 860bn. But, she also mentioned that the government is not expected to achieve its tax collection goal of PHP 67.38bn during July this year.

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Dismiss