THE Bureau of Customs (BOC) has surpassed its annual collection target by nearly P30 billion in 2021, based on its preliminary data from the Revenue Collection Monitoring Group (RCMG).
The data showed BOC exceeded its target by 4.7 percent or P29.016 billion in 2021 at P645.765 billion. The target for 2021 was only at P616.749 billion.
According to the BOC, the collection for 2021 was also 2.45 percent higher than the pre-pandemic collection of P630.31 billion in 2019.
“The BOC’s positive revenue collection performance is attributed to the improved valuation, intensified enforcement operations against illegal importations, improved compliance by traders to customs laws, [and] the gradual improvement of importation volume,” the BOC said.
“[This included] the government’s effort in ensuring unhampered movement of goods domestically and internationally considering the pandemic situation,” it added.
For the month of December, the BOC said it also exceeded its monthly revenue target by 20.8 percent with a total P62.478-billion collection against its month’s target of P51.705 billion.
Furthermore, 13 out of the 17 collection districts exceeded their target for 2021. These were the ports of San Fernando, Manila, Manila International Container Port, Ninoy Aquino International Airport, Batangas, Legaspi, Iloilo, Surigao, Zamboanga, Davao, Subic, Clark, and Limay.
BOC Commissioner Rey Leonardo B. Guerrero commended the collective efforts of the men and women of Bureau of Customs who, despite the risks to their health and safety, showed unwavering commitment and dedication to service.
In November, the BOC also exceeded its collection target by 13.39 percent at P58.789 billion, based on preliminary data. The target was P51.847-billion for November.
This was also 34.5 percent higher than its P43.711-billion haul in November 2020.