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BIR exceeds collection goal for July

THE Bureau of Internal Revenue (BIR) on Tuesday said it surpassed its collection target for July, having taken in a total of P273.134 billion net of tax refunds.

The amount, it said in a statement, was 5.09 percent or P13.224 billion higher than targeted and also 38.37 percent or P75.744 billion more compared to collections a year earlier.