- The Bureau of Customs collected P59.036 billion in February, surpassing its P50.302-billion monthly target by 17.4%
- 14 of the 17 collection districts exceeded their targets for February
- For the first two months of the year, BOC took in P117.524 billion, representing 17.3% of the P679-billion annual target for 2022
The Bureau of Customs (BOC) has collected P59.036 billion in February 2022, surpassing its P50.302-billion monthly target by 17.4%.
Based on preliminary report from BOC’s Financial Service, 14 of the 17 collection districts exceeded their targets for February: San Fernando, Port of Manila, Manila International Container Terminal, Batangas, Iloilo, Cebu, Tacloban, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri, and Limay.
For the first two months of the year, BOC has collected P117.524 billion, representing 17.3% of the P679-billion 2022 target.
BOC in a statement attributed its positive performance to improved valuation and intensified collection efforts of all collection districts.
The 2022 target is 10.1% higher than the P616.749-billion target for 2021 and 5.1% up from the P645.765 billion actual collection last year.
Customs Commissioner Rey Leonardo Guerrero earlier said BOC has also set a higher internal target of P699 billion as they are 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 customs bureau had been surpassing its annual revenue collection targets since 2020.
