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× BIR to collect P79.012 billion under TRAIN Act in 2019

The Bureau of Internal Revenue (BIR) has been tasked to collect P79.012 billion in taxes from the higher or new levies slapped on various goods under the Tax Reform for Acceleration and Inclusion (TRAIN) Act this year.

The target additional tax take from the TRAIN Act was included in the BIR's overall collection goal of P2.331 trillion for 2019, according to Revenue Memorandum Order No. 9-2019 issued…