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Manila Bulletin devider Philippines devider National devider BOC collects P78.9B in August, surpasses target revenue for the month

BOC collects P78.9B in August, surpasses target revenue for the month

Published Sep 4, 2022 09:17 am

The Bureau of Customs has surpassed the target collection for the month of August this year when it collected P78.9 billion in revenue.

Acting BOC Commissioner said the August collection is the 8th consecutive month when the bureau surpassed its target.

He said that the P78.9 billion revenue collection for August represents 34.1 percent higher than the P58.8 for the month.

Based on the BOC data, the generated revenue of P78.9B includes the P77.9B collection from all collection districts of the Bureau, P248.2M from the Post Clearance Audit Group (PCAG), and P677.4M from the Tax Expenditure Fund (TEF).

"All 17 Ports surpassed their targets and cumulatively achieved a P15.8B or 25 percent surplus," said Ruiz.

From January to August 2022, the BOC garnered a total revenue of P559.2B. This is P146.9B or 35.6 percent higher than the P412B actual collection from the same timeline in 2021.

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