The Bureau of Internal Revenue unleashed P23.67 billion in tax refunds between January and September 2026—a staggering 90 percent surge from last year’s P12.42 billion. This massive cash injection throws a critical lifeline to Philippine enterprises battling crushing energy costs and soaring operating expenses.
The P11.25 billion jump stems from aggressive efforts to fast-track approved claims, putting crucial working capital back into corporate hands.
BIR Commissioner Charlito Martin Mendoza stressed that funds legally owed to taxpayers belong where they can drive economic growth.
“Once a refund has been properly evaluated and approved for release, we see no reason to unnecessarily delay it,” Mendoza stated.
By slashing bureaucratic red tape, the agency aims to protect cash flows, curb reliance on expensive short-term loans, and safeguard employment.
This aggressive turnaround directly supports the administration’s mandate and Finance Secretary Frederick Go’s push to slash the cost of doing business. Mendoza noted that elite tax administration demands not just strict revenue collection, but swift and efficient refunds for deserving taxpayers.
