BIR on track to hit 2025 revenue goal

The Bureau of Internal Revenue (BIR) is confident it will meet its PHP3.2-trillion revenue target for 2025, despite possible adjustments tied to the country’s slower-than-expected economic growth.

BIR Commissioner Romeo Lumagui Jr., speaking at the Kapihan sa Manila Bay forum on Wednesday, said the agency has already collected PHP1.1 trillion in the first four months of the year—up 14.5 percent compared to the same period in 2024.

“As of now, the revenue collection target remains at PHP3.2 trillion, and I’m happy to report we are on track,” Lumagui said.

However, he acknowledged that a recalibration of the goal could be discussed if the country’s GDP growth continues to lag. The Philippines posted 5.4 percent growth in the first quarter, below the government’s 6 to 8 percent target range for the year.

“The collection target depends on economic performance,” Lumagui added. “If GDP growth slows, there should be discussions about adjusting our targets accordingly.”

In line with efforts to strengthen revenue generation and minimize illicit trade, Lumagui also announced the agency's plans to implement a digital track-and-trace system for cigarettes, vapes, and alcoholic products. This system, to be launched through a public-private partnership (PPP), will use QR codes and stamps to identify registered products and prevent smuggling.

The feasibility study for the system is currently under review by the Department of Finance and will be forwarded to the Department of Economy, Planning, and Development for further evaluation.

“Our real hope is full implementation by next year,” Lumagui said, emphasizing the importance of tech-driven reforms in sustaining long-term revenue performance.