Reforms in the revenue collection agencies have resulted in an improved tax effort from 12.1 percent in 2010 to 13.3 percent in 2013 or a P40 billion average annual increase in tax collections for the said period. This was achieved without imposing new taxes, except for reforms in the Sin Tax.
Copyright © 2021 Department of Finance
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
