MANILA — The Bureau of Customs (BOC)-Port of Subic posted PHP22.4 billion revenues for this year, surpassing its annual revenue goal of PHP 21.1 billion or by PHP1.2 billion.
District collector and lawyer Rhea Gregorio on Friday said that as of December 28, the figure was the port's highest-ever collection.
“This is the most significant milestone for the port after breaking past the PHP20 billion mark for the first time,” she said in a statement.
The Port of Subic official noted that import duties and other taxes collected were 37 percent higher than last year’s collection of PHP16.3 billion.
She credited the 2018 positive revenue performance to the strict implementation of customs laws and rules and regulations.
“This enabled the port to recover its deficit in the past three quarters and finish strong toward the last quarter of the year,” Gregorio said.
She added that the tax take of the Port in December significantly contributed to its annual revenue collections, with the figure reaching PHP2.4 billion for the month.
The amount is higher by PHP544.6 million than the port’s revenue goal during the period or a positive growth of 28.5 percent.
"The revenue collected for the month of December is the highest monthly collection in the history of the port," she said.
Gregorio also expressed gratitude to the hard work and sacrifices of the port’s personnel for this achievement. (PNA)
