Sunday, May 16, 2021
HomeCustoms & TradeBOC exceeds April target with P51.3B collection

BOC exceeds April target with P51.3B collection

  • Bureau of Customs revenues in April exceeded by 4.2% its P49.200-billion target
  • Eleven of 17 districts surpassed their April 2021 collection goals
  • From January to April, BOC took in 9.4% more than its P183.174-billion target and 11.5% greater than actual collections year-on-year

The Bureau of Customs (BOC) collected P51.277 billion in revenues for April, 4.2% higher than its P49.200 billion target for the month.

The April collection includes additional revenues of P121 million from the Tax Expenditure Fund (TEF) and P13.65 million from the Post Clearance Audit Group (PCAG), BOC said in a statement.

The agency has been hitting its monthly revenue targets this year since January.

Based on the preliminary report from BOC’s Financial Service, 11 out of the 17 collection districts surpassed their April 2021 collection targets. These are San Fernando, Port of Manila, Manila International Container Port, Iloilo, Tacloban, Surigao, Zamboanga, Davao, Subic, Aparri, and Limay.

From January to April, BOC collected P200.459 billion, which is 9.4% higher than the P183.174 billion target and 11.5% up from the P20.720 billion collected in the same period last year. The total includes the TEF collection of P219.34 million and PCAG collection of P300.59 million.

“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 said.

For 2021, BOC is tasked to collect P616.7 billion, 22% higher than the 2020 revised target of P506.150 billion and 14% up from the P539.660 billion actual collection recorded last year.

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