The Bureau of Internal Revenue (BIR) kicked off the 2026 fiscal year with a significant win, reporting total net collections of PHP 530.055 billion for the first two months of the year.
The preliminary figures, covering January 1 to February 28, 2026, show the Bureau exceeding its internal target of PHP 527.775 billion by PHP 2.280 billion. This represents a performance rate of 100.43% against the goal, net of tax refunds.
Compared to the same period in 2025, collections grew by PHP 15.307 billion, marking a 2.97% year-over-year increase. This upward trajectory persists despite prevailing global economic headwinds, signaling a robust domestic revenue base.
The BIR attributes this early success to several key strategic pillars:
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Intensified Tax Administration: Streamlined processes that make filing more efficient.
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Stronger Enforcement: Rigorous efforts to ensure fair play and accountability.
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Enhanced Compliance: Nationwide measures designed to encourage voluntary taxpayer participation.
The Bureau remains firmly committed to the fiscal stability and inclusive growth agenda of President Ferdinand R. Marcos, Jr. Under the strategic guidance of Finance Secretary Frederick D. Go, the BIR is focused on balancing revenue generation with a “people-centered” approach.
“We are raising the revenues necessary to support national development while simultaneously protecting taxpayer rights,” the Bureau stated. “Our goal is to strengthen stakeholder trust through institutional modernization and responsive public service.”
