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MANILA, Philippines – The country’s two largest revenue agencies remain confident of meeting their revised 2026 collection targets, with the Bureau of Internal Revenue (BIR) banking on stronger economic growth and the Bureau of Customs (BOC) counting on improved import assessments to sustain collections.
The Development Budget Coordination Committee (DBCC) recently lowered the BIR’s collection target by P38 billion to P3.393 trillion, while raising the BOC’s goal by P7 billion to P1.011 trillion.
READ: Gov’t cuts ’26 target tax take to P4.44T
Despite the lower target, BIR Commissioner Charlie Mendoza said the revised goal remains “a tall order” as it is still higher than the agency’s P3.2-trillion target last year.
