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Manila Bulletin devider Business devider BOC exceeds 2023 collection target, raising P874 B

BOC exceeds 2023 collection target, raising P874 B

Published Jan 9, 2024 04:51 am

At A Glance

  • In 2023, the Bureau of Customs (BOC) exceeded its revenue target through enhanced revenue collection, intensified anti-smuggling measures, and digitalization projects for trade facilitation.<br>Data from the Department of Finance (DOF) revealed that the BOC, the government's second largest tax agency, achieved a collection of P874.17 billion from January to December 2023, surpassing its target of P883.62 billion by one percent.<br>This accomplishment represents a 2.5 percent increase in total revenue collection for the year compared to the P826.52 billion collected in 2022.<br>Finance Secretary Benjamin E. Diokno cited the BOC's commitment to further modernizing customs administration and processes in 2024. These efforts aim to effectively combat illicit trade, enhance revenue generation, prioritize consumer protection, and improve the country's ease of doing business.

The Bureau of Customs (BOC) exceeded its target for last year due to increased efforts in revenue collection, anti-smuggling measures, and improvements in trade facilitation through digitalization projects.

Data from the Department of Finance (DOF) showed that the BOC, which is the government's second largest tax agency, gathered P874.17 billion from January to December 2023, surpassing its goal of P883.62 billion by one percent.

Furthermore, the BOC's total collection for the entire year registered a 2.5 percent rise compared to the P826.52 billion revenue collected in 2022.

Post Clearance Audit Group (PCAG) collections from January to December also increased by six percent to P1.96 billion from the same period last year.

Meanwhile, 91.56 percent (P1.79 billion) of the total additional revenue was collected from Prior Disclosure Program (PDP) Applications, while P166.28 million was collected from other audit findings.

The PDP collection for last year was 13 percent higher compared to the collection in the same period last year.

Moreover, the sale of forfeited goods conducted through public auctions from January to December 2023 generated P164.503 million in revenues.

As part of its commitment to enhance trade facilitation, the BOC has so far digitalized 161 out of 166 customs processes, garnering a 96.99-percent digitalization rate.

The One-Stop Electronic Travel Declaration System (E-Travel System) in collaboration with the Department of Information and Communications Technology was launched in November to allow travelers and crew members to declare dutiable goods prior to their arrival.

Meanwhile, the Overstaying Cargo Tracking System provides data on disposition activities, such as auction, condemnation, or donation of all overstaying containers in all ports.

The BOC also introduced the National Customs Intelligence System (NCIS) in December, a web site that gathers intelligence data from various sources to enable informed decision-making analysis and more responsive policies.

Several initiatives in the pipeline include the BOC e-Pay Portal System, the e-Auction System, and the Automated Export Declaration System (AEDS).

The BOC’s modernization initiatives have driven the Philippines to rank second-best among Association of Southeast Asian Nations (ASEAN) member states in the 2023 United Nations Global Survey on Digital and Sustainable Trade Facilitation, scoring 87.10 percent.

The BOC has also made progress in its implementation of the Authorized Economic Operator (AEO) Program as well as strengthening international partnerships.

The BOC signed a Mutual Recognition Arrangement (MRA) with the General Administration of Customs of the People’s Republic of China on the AEO Program on Jan. 3, 2023. 

The BOC, along with other ASEAN member states, also signed the ASEAN AEO MRA on September 19, 2023.

On top of this, the BOC signed the Philippines-Hong Kong AEO Mutual Recognition Arrangement during the AEO Expert Mission and Symposium on Nov. 29 to 30, 2023.

“In 2024, expect the Bureau to continue modernizing its customs administration and processes to effectively curb illicit trade, generate more revenues to fund the government’s priority development projects, ensure the protection of our consumers, and enhance the country’s ease of doing business,” Finance Secretary Benjamin E. Diokno said.

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Bureau of Customs Customs Commissioner Bienvenido Rubio
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