MANILA – The Bureau of Customs (BOC) has declared a PHP11.76 billion surplus from its May 2022 target collection.
The preliminary report from its Financial Service showed that the bureau collected PHP68.24 billion last month, which is 20.8 percent higher than its target revenue of PHP56.47 billion.
It added that 15 of the 17 collection districts have exceeded their targets for May – the ports of San Fernando, Manila, Batangas, Legaspi, Iloilo, Cebu, Tacloban, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri, and Limay, as well as the Manila International Container Port.
Since January, the bureau has now collected PHP322.47 billion, reflecting 47.5 percent of the 2022 annual target collection of PHP679.22 billion.
The BOC attributed its positive performance this year to improved valuation, intensified collection efforts, measures preventing revenue leakage, and the country’s recovering economy.
The BOC stated that despite the performance, it maintained its border security measures against undervaluation, misdeclaration, and other forms of technical smuggling, and collected lawful revenues.
Customs Commissioner Rey Leonardo Guerrero lauded the efforts of all the men and women of the BOC who have shown their unwavering commitment and dedication to service by risking their health and safety, given the pandemic.
7 Replies to “BOC exceeds the May target collection by P11-B”