BOC exceeds collection goal

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    The Bureau of Customs (BOC) exceeded its collection target for the month of January, despite the continuous adverse impact of the coronavirus disease 2019 (COVID-19) to the overall trading environment, the agency said in a statement yesterday.

    The BOC said it collected P47.143 billion in the first month of the year.

    This figure is P3.051 billion or 6.92 percent higher than the target of P44.092 billion for January 2021.

    However, the amount collected for the month is 15.67 percent lower than the P55.9 billion generated in January last year, which still falls under the pre-pandemic or pre-quarantine period in the country.

    Based on the preliminary report from the BOC financial service, 11 out of the 17 collection districts surpassed their respective January 2021 collection targets.

    These are the ports of Manila, Ninoy Aquino International Airport, Batangas, Legazpi, Iloilo, Tacloban, Cagayan De Oro, Zamboanga, Davao, Subic and Clark.

    In 2020, the bureau exceeded its revised annual revenue collection target by 6.6 percent, collecting P539.7 billion against its P506.2 billion goal.

    “Indeed, the bureau continues to improve its efficient collection performance through intensified efforts of all its ports, not to mention, the improvement in volume of importation, as well as the government’s effort in ensuring unhampered movement of goods, while maintaining border security and enhanced trade facilitation,” the BOC said.

    The customs agency’s 2020 revenue target has been slashed several times from the original goal of P731.24 billion, as efforts to collect revenues were hampered by restrictions implemented to address the spread of the COVID-19 pandemic.