BOC surpasses April Collection Target by P2-B
Considering the effects of COVID-19 pandemic and restricted movements in NCR+ to the overall trading environment, the Bureau of Customs (BOC) collected P51.277 billion against its P49.200 billion April 2021 collection target, posting a surplus of P2.077 billion or +4.2%. The collection includes additional revenues from the Tax Expenditure Fund (TEF) collection of P121 million and Post Clearance Audit Group (PCAG) collection of P13.65 million for April 2021.
Based on the preliminary report from the BOC-Financial Service, eleven out of the seventeen collection districts surpassed its April 2021 collection target; namely, the Port of San Fernando, Port of Manila, Manila International Container Port, Port of Iloilo, Port of Tacloban, Port of Surigao, Port of Zamboanga, Port of Davao, Port of Subic, Port of Aparri, and Port of Limay.
Since January 2021, the bureau consistently exceeded its monthly revenue collection target. Casting up April preliminary collection report, the bureau collected P200.459 billion against the January to April 2021 collection target of P 183.174 billion, posting a running surplus of P17.285 billion or +9.4%. The collection includes additional revenues from the Tax Expenditure Fund (TEF) collection of P219.34 million and Post Clearance Audit Group (PCAG) collection of P300.59 million from January to April 2021. Notably, this year’s quadrimester collection is also higher by P20.720 billion or +11.5% compared to 2020.
Indeed, the bureau continues to improve its efficient collection performance through the improvement in volume of importation while maintaining border security and enhanced trade facilitation.
BOC Commissioner Rey Leonardo Guerrero commended the efforts of the men and women of the Bureau of Customs who, despite the risk to their health and safety, showed their unwavering commitment and dedication to service during an executive committee meeting.