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BOC April collection exceeds target by 19.6%
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The agency took in P65.7 billion in April compared to the P54.9-billion target
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14 of the 17 collection districts hit their April monthly target
The Bureau of Customs (BOC) collected a total of P65.7 billion in April, 19.6% higher than its P54.9-billion target for the month.
Based on the preliminary report from BOC’s Financial Service, 14 of the 17 collection districts hit their April monthly targets. These were San Fernando in La Union, Port of Manila, Manila International Container Port, Batangas, Legazpi, Iloilo, Cebu, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri, and Limay, BOC said in a statement.
The BOC April collection is the fourth straight month this year that the revenue-generating agency surpassed its monthly goal. In March, it collected P70.727 billion, its highest monthly collection in history.
READ: BOC posts highest-ever monthly revenue of P70.7B in March
BOC attributed its collection performance to improved valuation, intensified enforcement against illegal importations, and better compliance by traders with customs laws.
For 2022, the agency’s collection target is P679.226 billion, 10.1% higher than the P616.749 billion goal for 2021 and 5.1% up from the P645.765-billion actual collection last year.
Customs Commissioner Rey Leonardo Guerrero had said earlier the BOC has a higher internal target of P699 billion as it is also required to collect additional revenues for value-added tax refund.
READ: BOC jacks up 2022 internal revenue target to P699B
Despite the pandemic, the bureau has been surpassing its annual revenue collection targets since 2020.
