The combined revenues of the Bureaus of Internal Revenue (BIR) and of Customs (BOC) for the first three quarters of the year surpassed the total collection target for the period by 8.26 percent, data released by the Department of Finance (DOF) showed.
Carlos Dominguez, DOF secretary, in a Viber group message yesterday shared the collection figures of the two agencies which totaled to P1.82 trillion in January to September 2020, exceeding the P1.68 trillion combined goal set by the Development Budget Coordination Committee (DBCC).
The BIR collected P1.423 trillion for the period, Dominguez said, exceeding by 8.67 percent the target of P1.31 trillion.
The BOC collected P397.5 billion in the nine-month period which is 6.81 percent more than the goal of P372 billion.
However, on a year-on-year basis, the total collections of the two agencies as of end-September fell by 12.13 percent, from the P2.07 trillion posted in the first nine months of 2019.
Both the BIR and BOC however posted year-on-year declines, of 11.16 percent and 15.43 percent, respectively.
However, on a year-on-year basis, the total collections of the two agencies as of end-September fell by 12.13 percent, from the P2.07 trillion posted in the first nine months of 2019.
The DBCC has revised the collection goals of both agencies for the full year to account for the impact of the coronavirus pandemic on the economy.
The BIR now has a full-year revenue goal of P1.686 trillion while the BOC is tasked to collect P506.15 billion for 2020, down from the previous estimates of P1.744 trillion and P542 billion, respectively.
Meanwhile, for September alone, the BIR collected P118.63 billion, surpassing the target of P117.59 billion by 0.88 percent.
In a separate statement yesterday, the BOC said it also exceeded its collection goal in September by 33.17 percent, as it generated P50.23 billion versus the target of P37.72 billion.
“The improved collection performance is attributed to the intensified collective effort of all ports, gradual improvement of importation volume and the government’s effort in ensuring unhampered movement of goods domestically and internationally considering the pandemic situation,” the BOC said.
Based on the BOC’s preliminary report, 14 of the 17 collection districts exceeded their target for the month.
These are the Manila International Container Port, Ninoy Aquino International Airport, and the ports of San Fernando, Batangas, Cebu, Tacloban, Surigao, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri and Limay.
The bureau said it has maintained its border security measures against undervaluation, misdeclaration and other forms of technical smuggling and collect lawful revenues.
Dominguez also shared data which showed that revenues collected by the government from duties and taxes slapped on fuel has amounted to P137.37 billion, since it started to implement its fuel marking program.
According to data, the government has marked 13.39 billion liters of fuel from September 4, 2019 to October 1, 2020.
The duties and taxes collected by the BOC from fuel products totaled to P118.42 billion, covering the period of September 2019 to September 30, 2020.
As for excise taxes from petroleum products, the BIR collected P18.95 billion from December 2019 to October 1, 2020.
Majority or nearly three-fourths of fuel marked so far by the government is in Luzon, while 20.6 percent and 5.1 percent are in Mindanao and Visayas, respectively.
In terms of fuel type, close to 62 percent is accounted for by diesel, around 37 percent by gasoline, with the remaining minimal share taken by kerosene.
Participating companies include Petron, Shell, Unioil, Chevron, Seaoil Corp., Phoenix Petroleum, Insular Oil, Total-Filoil, Jetti, PTT, Filoil Logistics, Marubeni, Micro Dragon, Warbucks, Goldenshare, High Glory Subic, ERA1 Petroleum, SL Harbour, Jadelink and SL Gas. (A. Celis)
