NextGen Day

From its May 2022 target collection, the Bureau of Customs (BOC) reported a surplus of PHP11.76 billion.

According to preliminary data from its Financial Service, the bureau received PHP68.24 billion in revenue last month, which is 20.8 percent more than its goal revenue of PHP56.47 billion.

The ports of San Fernando, Manila, Batangas, Legaspi, Iloilo, Cebu, Tacloban, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri, and Limay, as well as the Manila International Container Port, have all exceeded their May targets, according to the report.

Since January, the agency has collected PHP322.47 billion, accounting for 47.5 percent of the yearly target collection of PHP679.22 billion set for 2022.

The BOC attributed its strong performance this year to enhanced valuation, increased collection operations, revenue leakage prevention measures, and the country’s improving economy, according to a statement.

Despite the poor performance, the BOC stated it kept its border security systems in place to prevent undervaluation, misdeclaration, and other types of technical smuggling, and it collected legal revenues.

Given the pandemic, Customs Commissioner Rey Leonardo Guerrero praised the efforts of all BOC men and women who have demonstrated their steadfast commitment and dedication to service by risking their health and safety.

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