The Bureau of Customs (BOC) has exceeded its first monthly collection goal for the year by 11.58 percent, the agency said in a statement yesterday.
The BOC said it was able to generate P58.16 billion in January against its P52.12 billion target collection, posting a surplus of P6.04 billion.
Based on BOC’s preliminary report, 14 out of the 17 collection districts hit the target, namely, the ports of San Fernando, Manila, Batangas, Legaspi, Iloilo, Cebu, Surigao, Zamboanga, Davao, Subic, Clark, Aparri and Limay and the Manila International Container Port.
The agency also surpassed the P47.3 billion collected in the same month in 2021 by 23 percent.
Last year, the bureau beat its annual revenue collection target by 4.7 percent, collecting a total of P645.79 billion against its P616.75 billion target.
“The positive revenue collection performance is attributed to the improved valuation, intensified enforcement against illegal importations, improved compliance by traders to customs laws, the gradual improvement of importation volume and the government’s effort in ensuring unhampered movement of goods domestically and internationally,” the BOC said.
Meanwhile, the revenue collected by the government from duties and taxes slapped on fuel has amounted to P358.61 billion, since it started to implement its fuel marking program.
Data shared by Finance Secretary Carlos Dominguez to reporters yesterday showed the government has marked 35.92 billion liters of fuel from September 2019 to January 27, 2022.
The duties and taxes collected by the BOC from fuel products totaled to P328.79 billion.
The excise taxes generated by the Bureau of Internal Revenue from petroleum products amounted to P29.81 billion.
Majority or nearly three-fourths of fuel marked so far by the government is in Luzon, while more than 20 percent and around 5 percent are in Mindanao and Visayas, respectively.
In terms of fuel type, 61 percent is accounted for by diesel, followed by gasoline, with the remaining minimal share taken by kerosene. – Angela Celis
