BOC just P32 billion away from hitting 2021 collection goal

THE Bureau of Customs is just some P32 billion away from hitting its collection goal for this year after another impressive performance in November with an excess collection of more than P6.9 billion.

Deputy Commissioner Atty. Vener Baquiran of the Revenue Collection and Monitoring Group (RCMG), quoting from the preliminary report by the Financial Management Service, said actual collection for last month totaled P58.789 billion, 13.4 percent higher than its assigned target of P51.847 billion.

Baquiran added that 12 of the bureau’s 17 collection districts posted revenue surpluses that contributed to closing the gap in their annual revenue goal, namely:

The ports of Subic, San Fernando, Manila International Container Port, NAIA, Batangas, Legaspi, Iloilo, Tacloban, Zamboanga, Davao, Clark, and Limay.

From year-to-date, the BOC has now collected P584.156 billion, which is already 94.7 percent of their assigned target of P616.749 billion. With the development, the agency is now just P32.593 billion away from meeting its collection goal.

Baquiran said the rebound in collection performance can be attributed to several factors, including the improvement in volume of importation, improved valuation, the gradual improvement in the country’s economic performance with more businesses opening up and the “intensified collection effort” of all the bureau’s ports.

In a brief message, Commissioner Rey Leonardo Guerrero once again commended the collective effort of the men and women of BOC who, despite the risk to their health and safety, “showed their unwavering commitment and dedication to service.”