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BIR-79 attains P1.4 billion The Bureau of Internal Revenue District-79 has already met its tax collection target of P1.452 billion for 2012, with more than one month to go before the year ends, its OIC assistant revenue district officer, Alfredo Tolentino, said. He said there is an estimated surplus collection of P42 million, and projected tax collection of P1.95 billion until end of the year, or a 2.93 percent over-target. Tolentino attributed the over-collection to the huge one-time transaction that occurred when the Gokongwei Group of companies bought the Herminio Teves Sugar Milling Corporation in Barangay Caranoche, Sta. Catalina town, Negros Oriental. Its operation was taken over by the Universal Robina Sugar Milling Corporation. | ||||||||||||||||||||||||||
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