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16 June 2024, 23:57 PM

BOC surpasses February collection target, garners ₱63b in revenue

March 3, 2023

The Bureau of Customs (BOC) exceeded its PhP 61.827 billion target by collecting PhP 63.015 billion in revenue for February based on a preliminary report.

Compared to the PhP 59.433 billion posted last February 2022, the Bureau increased its collection by PhP 3.583 billion.

As of February 28, the BOC already garnered a total revenue of PhP 133.380 up by PhP 8.641 billion from its target of PhP 124.738 for the first two months of the year.

“We will continue to innovate and implement sustainable reforms to boost the Bureau’s collection efficiency, which will contribute to the expansion and recovery of our national economy,” says Customs Commissioner Bienvenido Y. Rubio.

“For this to be possible, we will also prioritize fostering a healthier trade environment through enhanced and modernized mechanisms for efficient trade facilitation and improved Customs operations for all our stakeholders,” he added.

Aligned with the overarching directives of President Ferdinand Marcos Jr., Commissioner Rubio leads the BOC in boosting revenue collection, enhancing trade facilitation, and strengthening border protection while upholding good governance and curbing corruption.

Republic of the Philippines

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