Govt tax effort improves to 15.7% in Jan-Sept

Nov 09, 2019 12:17 am

Tax collections by the government as a percentage of the country’s gross domestic product (GDP) improved in the first three quarters of 2019, the Department of Finance (DoF) reported on Friday.

“In the first three quarters of the year, tax effort topped 15.7 percent, already approaching the 15.8-percent water mark clocked in 1997,” it said in an economic bulletin.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.