‘Emerging’ target for excise tax set at P359.06 billion

THE Bureau of Internal Revenue (BIR) said the emerging goal for excise tax collections this year is P359.06 billion, lower than the target set under the Budget of Expenditures and Sources of Financing (BESF) for 2026. In Revenue Memorandum Order No. 9-2026 released last week, the BIR said that the emerging goal is 0.16 lower []