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Manila Bulletin devider Philippines devider Luzon devider Subic BOC surpasses collection targets despite COVID-19 crisis

Subic BOC surpasses collection targets despite COVID-19 crisis

Published Aug 8, 2020 02:15 pm

SUBIC BAY FREEPORT – The Bureau of Customs (BOC) in the Port of Subic has surpassed its July target by 1.18 percent, with collections amounting to P2.26 billion, despite the tight health measures imposed on investors here because of the coronavirus disease (COVID-19) pandemic.

Port of Subic Collector Maritess Martin said on Friday that despite the lockdown and temporary closure of most manufacturing firms in the Port of Subic since the outbreak of the disease in March, the bureau still managed to collect P2,264,448,859.74 in duties and taxes of goods due for importation.

Martin said the amount reflects a surplus of P26,448,859.74 or 1.18 percent of the P2.23 billion adjusted monthly target for July.

She said, even with the health crisis, the Port of Subic could surpass its 2020 target of P24.4 billion before yearend, as total collection has so far reached P15,278,129,454.14.

A document provided to the Philippine News Agency (PNA) showed that since April, the Port of Subic has been performing well amid the lockdown.

It collected P1.74 billion in May, which was 12 percent higher than the target collection of P1.56 billion; and P2.76 billion in June, which was 45 percent higher than the P1.91 billion target. 

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