BOC surpasses November collection goal by 13.4%

Bureau of Customs headquarters in Manila
Bureau of Customs headquarters in Manila

The Bureau of Customs (BOC) collected P58.789 billion for November, exceeding its target for the month.

According to the BOC’s Revenue Collection Monitoring Group, the bureau’s revenue take was 13.39 percent higher than its P51.847-billion target for the month based on preliminary data.

This is also 34.5 percent higher than its P43.711-billion haul in November 2020.

In a news statement, the bureau attributed the recovery in its collection performance to several factors, including the improvement in the volume of importation, improved valuation, not to mention, the intensified collection efforts of all 17 ports, the gradual improvement of economy, reopening of businesses and borders, and the government’s effort in ensuring unhampered movement of goods domestically and internationally amid the pandemic.

For this year, the BOC has so far managed to collect P584.156 billion since January. This is already equivalent to 94.7 percent of its P616.749- billion full-year collection target.

Twelve out of 17 collection districts also exceeded their respective targets for the month of November, particularly ports of San Fernando, Manila International Container Port, Ninoy Aquino International Airport, Batangas, Legaspi, Iloilo, Tacloban, Zamboanga, Davao, Subic, Clark, and Limay.

In October this year, the BOC broke its streak of hitting or exceeding its monthly collection targets since January.

It only collected P55.99 billion for the month of October, missing its target of P57.637 billion by 2.86 percent.

BOC, however, was still able to collect P525.37 billion from January to October this year, eclipsing its P513.2-billion target for the period.

Image credits: Klodien |


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