Manila, March 20 -- The Bureau of Internal Revenue (BIR) has surpassed its internal collection target for the first two months of 2026, posting PHP530.055 billion in net collections.

In a statement on Friday, the bureau said the preliminary performance from Jan. 1 to Feb. 28 exceeded its PHP527.775-billion goal by PHP2.280 billion, or 100.43 percent of the target, net of tax refunds.

The figures also reflect a PHP15.307-billion increase compared to the PHP514.748 billion collected during the same period in 2025.

The bureau's performance indicates a 2.97 percent year-on-year increase in net collections, which it attributed to intensified tax administration and stronger enforcement efforts.

The BIR said the steady improvement is a resul...