For the month of August 2014, the BIR collected P127.56 billion in tax revenues, P9.45 billion or 8.01% more than collections made in August 2013.

For August 2014, collections from BIR operations amounted to P125.02 billion, P8.82 billion or 7.59% more than collections made in August 2013.

Collections from non-BIR operations amounted to 2.55 billion, P636 million or 33.29% more than the collections made in August 2013.

Collections by the Regional Offices amounted to P42.09 billion, or P3.93 billion or 10.3% more than the collections made in August 2013. While collections by the Large Taxpayers Service amounted to P82.93 Billion,P4.89 or 6.26% more than collections made in August 2013.

“The performance of the Bureau of Internal Revenue was affected by the low income tax payments received for the 2nd quarter of taxable year 2014 which can be attributed to lower corporate income of large corporations, which could also be brought about by the port congestion experienced during the past months,” BIR Commissioner Kim Henares said.