The Bureau of Customs (BOC) said it collected P68.24 billion in May, up 20.8 percent from its collection goal of P56.48 billion.
Based on the preliminary report from the BOC-Financial Service, 15 of the 17 collection districts exceeded their target for the month.
These are Port of San Fernando, Port of Manila, Manila International Container Port and the Ports of Batangas, Legaspi, Iloilo, Cebu, Tacloban, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparril, and Limay.
This brings total collection from January to May to P322.472 billion, reflecting the 47.5 percent of the 2022 annual target collection of P679.226 billion based on the same initial report, the agency said.
The BOC said among the factors that contributed to the positive performance of agency since January include the improved valuation, intensified collection efforts, measures preventing revenue leakage, and the recovering economy of the country.
“Despite this performance, the Bureau maintained its border security measures against undervaluation, misdeclaration and other forms of technical smuggling and collect lawful revenues,” the BOC said. – Ruelle Castro
