Tag page - BOC collection

The Bureau of Customs (BOC) has reported a decline in revenue collection due to reduced tariffs on rice and zero-import duties on electric vehicles (EVs). According to the BOC, these policy adjustments have resulted in a combined revenue loss of nearly P9 billion in the first nine months of 2024....

The Bureau of Customs (BOC) surpassed its collection target for January, driven by improved import valuation, enhanced border protection, and tangible trade facilitation initiatives. The BOC, the government's second-largest tax agency, announced that it collected P73.33 billion in the first month...