BIR Sticks to P3.23T Revenue Target for 2025 Despite Global Trade Risks 

MANILA — The Bureau of Internal Revenue (BIR) is holding firm on its P3.23 trillion tax collection target for 2025, despite external economic threats brought on by new global trade tensions. 

BIR Commissioner Romeo Lumagui Jr. made the statement during a press interview on the sidelines of the April 15 income tax filing deadline, emphasizing that no changes to the revenue goal are being considered at this time. 

“We’re not expecting or planning an adjustment on the goal or collection target,” Lumagui said. 
“As far as we’re concerned, we’re still working on achieving the P3.23 trillion target, and that’s where we’re focused.” 

This declaration comes after U.S. President Donald Trump announced a wave of reciprocal tariffs, including a 17% duty on goods from the Philippines, which could lead to a slowdown in global trade and affect demand for Philippine exports. 

Despite the challenges, Lumagui expressed confidence that the BIR is on track to meet its goal, citing the support of compliant taxpayers and the ongoing efforts of the agency. 

“We think that with all the hard work our employees are doing, and with the help of taxpayers who comply and fulfill their duties, we can reach this P3.23 trillion target,” he said. 

In 2024, the BIR collected P2.848 trillion, and the agency is looking to build on that performance for 2025. 

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Source: GMA News