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Philippine Standard Time:
17 April 2024, 13:34 PM

BOC Logs Highest Monthly Collection in History, Collects P70 Billion in March

April 4, 2022

The Bureau of Customs (BOC) on March 2022, records its highest monthly collection in history with P70.727 billion actual collection against its P57.69 billion March 2022 target collection.

The BOC posted a surplus of P13.037 billion or +22.6% highest than its target, and remarkably, the bureau consistently met and exceeded its monthly revenue collection target since January this year.

Based on the preliminary report from the BOC-Financial Service, 14 of the 17 Collection Districts hit their target, namely the ports of San Fernando, Port of Manila, MICP, NAIA, Batangas, Iloilo, Cebu, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri, and Limay.

As of March 31, 2022, the Bureau of Customs collected P188.506 billion this year, reflecting the 27.8% of the 2022 collection target of P679.226 billion.

The BOC’s positive revenue collection performance is attributed to the improving volume of importation in the country, the improved valuation, and the intensified collective efforts of all the collection districts.

BOC Commissioner Rey Leonardo Guerrero again commended the efforts of men and women of the Bureau of Customs who, continue to show their unwavering commitment and dedication to service in spite of the present health crisis.

Republic of the Philippines

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