MANILA – The Bureau of Customs (BOC) has reported a surplus of PHP11.76 billion from its May 2022 target collection.
Based on the preliminary report from its Financial Service, 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.
To date, the bureau has collected PHP322.47 billion since January, reflecting 47.5 percent of the 2022 annual target collection of PHP679.22 billion.
In a statement, the BOC attributed its positive performance this year to improved valuation, intensified collection efforts, measures preventing revenue leakage, and the country’s recovering economy.
Despite the performance, the BOC said it maintained its border security measures against undervaluation, misdeclaration, and other forms of technical smuggling, and collected lawful revenues.
Customs Commissioner Rey Leonardo Guerrero commended 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. (PNA)
