Despite the effects of the COVID-19 to the overall trading environment and stringent community quarantine since last year, the Bureau of Customs (BOC) collected P52.447 billion in June, surpassing its target of P47.175 billion by P5.272 billion or +11.2% based on the preliminary report from the BOC Financial Service.
This collection includes additional revenues from the Tax Expenditure Fund (TEF) collection of P157.06 million and Post Clearance Audit Group (PCAG) collection of P148.73 million in June.
These collection efforts also mark the 6th consecutive month of BOC in achieving positive collections. To date, the BOC collected P302.744 billion since January 01, 2021, surpassing its midyear collection target of P291.833 billion by +3.7% or P10.911 billion.
Notably, BOC’s midyear collection this year is also higher by +19.60% or P49.653 billion than the P253.091 billion midyear collection in 2020. The collection performance of the BOC and its 17 Collection Districts, under the leadership of Commissioner Rey Leonardo B. Guerrero, is attributed to the improved valuation of the bureau, its digitized and modernized systems, the gradually improving economy resulting to higher volume of importations, and the intensified collection efforts of all districts.
Stay updated with news and information from the Bureau of Customs by visiting their website at https://customs.gov.ph.