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Tag Archives: GDP 5.8%

GDP declines to 508%: Philippines unable to achieve tax target of P1.456tr  


MANILA: The Bureau of Internal Revenue’s (BIR) failed to get P1.456-trillion goal for the year, which was based on a 6.5-7.5% economic growth assumption that is now probably out of reach. But the Gross domestic product grew just 5.8% in the nine months to September. The BIR exceeded its monthly targets only twice this year: in September when it collected ... Read More »