BOC exceeds October goal with ₱78.6-B take; 10-month target also breached
THE Bureau of Customs (BOC) exceeded its target in October and in the 10-month period on the back of its efforts to curb smuggling.
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THE Bureau of Customs (BOC) exceeded its target in October and in the 10-month period on the back of its efforts to curb smuggling.
THE national government earned more income in the first five months of the year on an annual basis as revenue bureaus ramped up their collection efforts, giving the finance chief optimism that the state would surpass its full-year revenue target.
THE national government posted a budget surplus of P66.8 billion in April, over 1,250 percent higher from last year, as revenue collections outmatched spending during the period.
Bureau of Customs (BOC) operatives seized on Monday some P400 million worth of methamphetamine hydrochloride or shabu at a warehouse in Pasay City.
The Bureau of Customs (BOC) has collected a total of P37.654 billion in duties and taxes last month, expanding by 3 percent from its monthly amounting to P36.572 billion, owing to the strong performance of 10 collection districts under the agency.
WHILE abandoned and returned shipment incidents in the country remain low at present, the Bureau of Customs (BOC) still reiterated the importance of raising awareness on the export and import laws and regulations it implements.
The reforms being undertaken by the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) to improve collection efficiency will not effectively increase revenues to fund the Duterte administration’s programs without doing a comprehensive reform in the country’s outdated tax system, according to the Department of Finance (DOF).
The Bureau of Customs (BOC) based at the Ninoy Aquino International Airport (Naia) intensified its efforts in the last two quarters of 2016 to help protect the country from the drug scourge, as well as assist other government agencies in carrying out the government’s campaign against corruption and smuggling.
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