Philippines: BIR says fewer tax collections last year, but more tax-paying businesses

(ABS-CBN News)

The Bureau of Internal Revenue said Monday it collected P1.94 trillion taxes last year, 11.23 percent less than the P2.19 trillion in 2019 as taxpayers were unable to pay taxes amid the pandemic.

But more business taxpayers were registered in 2020, it added, seeing a 6.15-percent increase to 4.37 million taxpaying businesses.