The Bureau of Customs (BOC) reported that its June 2022 collections reached P76.29 billion, “its highest monthly collection in history,” surpassing its P56.287 billion target by P20 billion and beating its previous highest of P70.78 billion in March.
The BOC said the revenue collection for June includes additional revenues from the Tax Expenditure Fund (TEF) collection of P301 million and Post Clearance Audit Group (PCAG) collection of P115.97 million.
This is the sixth consecutive month that BOC exceeded its monthly target and achieved positive collection this year.
Based on the preliminary report, 14 of the 17 collection districts were able to surpass targets, namely San Fernando, POM, MICP, Batangas, Legaspi, Iloilo, Cebu, Surigao, Zamboanga, Davao, Subic, Clark, Aparri, and Limay.
The BOC also surpassed its midyear target collection of P327.81 billion by 21% or P68.992 billion with an actual collection of P396.80 billion since January 2022.
BOC’s cumulative or midyear collection this year is also higher by 31.5% or P95.06 billion than the P301.75 billion midyear collection in 2021.
The improved collection is attributed to the improved valuation of the bureau, its digitized and modernized systems, the improving economy resulting in higher volume of imports, and the intensified collection efforts of all collection districts. (PR) –ag
