Illicit activities seen shaving Customs collection by P50 billion
Revenue equal to almost 11 percent of this year’s projected collection at the Bureau of Customs (BOC), or some P50 billion, were seen escaping the tax net as a result of motor vehicle, oil and cigarette smuggling identified as the top sources of revenue leakage. The BOC is tasked with collecting at least P467.9 billion this year.
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