Manila reiterates vow to strengthen tax efforts

MANILA, Philippines – The Philippines reiterated vows to strengthen tax collections and enact measures to increase revenues, moves that will avoid possible negative ratings as warned by London-based Fitch Ratings, finance officials said on Wednesday.

Manila will strengthen tax collection efforts through ‚Äúvigorous and more effective” implementation of the action plans of the Bureaus of Internal Revenue (BIR) and Customs (BOC), Finance Secretary Margarito B. Teves said in a statement.

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