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23 June 2024, 17:03 PM

BOC collects P65.7B, surpasses April target by P10B

May 4, 2022

Aligned with its primary mandate to collect lawful revenues for the country, the Bureau of Customs (BOC) collected a total of P65.7 billion against its P54.9 billion April 2022 target collection, posting a surplus of P10.769 billion or 19.6%.

Based on the preliminary report from the BOC-Financial Service, 14 out of the 17 collection districts hit the target namely the Ports of San Fernando, Port of Manila, MICP, Batangas, Legaspi, Iloilo, Cebu, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri, and Limay.

Last March, the bureau recorded its highest monthly revenue collection in history with P70B collection for the period. The collection performance is attributed to the improved valuation, intensified enforcement against illegal importations, and the improved compliance by traders to customs laws.

The Bureau of Customs is the 2nd largest revenue-generating government agency next to the Bureau of Internal Revenue. For the past 2 years, the BOC was able to surpass its annual target collection by +6.23% and +4.35% respectively even during a global health crisis.

Commissioner Rey Leonardo Guerrero commended the efforts of the men and women of the Bureau of Customs who showed their commitment and dedication to government service during an executive committee meeting.

Republic of the Philippines

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