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Philippine Standard Time:
20 May 2024, 14:50 PM

BOC EXCEEDS OCTOBER TARGET WITH P75.5B IN REVENUE

November 2, 2022

The Bureau of Customs (BOC) collected a total revenue of P75.5 billion in October based on a preliminary report, sustaining its positive collection trend under the leadership of Commissioner Yogi Filemon Ruiz.

The BOC posted a surplus of P11.8 billion in revenue, or 18.6 percent from this month’s target collection of P63.7 billion.

Comparing the Bureau’s collection performance of P56 billion in October 2021 and P75.5 billion in the same period in 2022, revenues grew by P19.6 billion, up by 35 percent.

From January to October, the BOC collected P714.3 billion cumulatively and exceeded the P602.8 billion target by P111.5 billion or 18.5 percent. Compared to last year’s P525.4 billion collection, revenues grew by 37 percent or by P188.9 billion.

The BOC continues to implement measures against revenue leakages, corruption, and smuggling while easing process bottlenecks. Amid the nation’s economic recovery, Ruiz is prioritizing the Bureau’s modernization programs and process innovations to sustain outstanding performance and improve services to stakeholders.

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