The Philippine Bureau of Customs (BOC) surpassed its January collection target of P35.509 billion by 0.66%, taking in P35.745 billion, according to a preliminary report by the agency’s Financial Service (FS).
The announcement was made as the BOC this week celebrates its 115th founding. President Rodrigo Duterte is the guest of honor at today’s (Feb 8) celebrations. He and Finance Secretary Carlos Dominguez will recognize the agency’s best performing collection districts and their exemplary foreign counterparts.
The FS disclosed that the January collection is 115% more than the January 2016 cash collection of P31.08 billion.
“The amount in revenue collection for January 2017 could hit an outstanding sum in the final financial and revenue collection reports that will be released by the National Treasury soon,” the FS said.
“Our relentless consultations with all transacting publics, including that of BOC personnel, on continuous improvement of policy reforms and programs have built public trust that, in effect, created a conducive environment especially in transparent trade facilitation and in the work performance of our employees,” Commissioner Nicanor Faeldon said in a statement.
“From the beginning, we worked hard to accomplish our tasks, especially to improve revenue collections, stop corruption, and wipe out smuggling as inspired by our mandate and in compliance with the directives of President Duterte,”
Faeldon credited the surplus in collection to the outstanding performance of 11 major ports, namely San Fernando, Manila, Legaspi, Iloilo, Cebu, Tacloban, Cagayan de Oro, Zamboanga, Davao, Subic, and Limay.
The Manila International Container Port (MICP) is seen to hit or surpass its P10.9-billion target once all collection records are consolidated in the final report by the Bureau of Treasury.
“We remain highlyoptimistic that the MICP will bring on a 100% revenue collection performance and join the list as the 12th port that hit its revenue target for January 2017,” Faeldon added.
Outstanding revenue collections have been reflected in BOC records three in a row since November 2016.
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