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BOC posts P6B surplus in collection

The Port of Iloilo is among the collection districts that exceeded the target for March*

The Bureau of Customs said yesterday it has surpassed its March 2021 collection target by 14.2 percent, or P6.8 billion.

Based on a preliminary report released yesterday, the bureau collected P54.5 billion in March as against its target collection at P47.7 billion.

The BOC’s positive revenue collection performance is attributed to the improved valuation and intensified collection efforts of all the ports.

The report said 13 of the 17 collection districts exceeded their target for the month of March.

These are the Port of San Fernando, Port of NAIA, Port of Batangas, Port of Iloilo, Port of Cebu, Port of Tacloban, Port of Surigao, Port of Cagayan De Oro, Port of Zamboanga, Port of Davao, Port Subic, Port of Clark, and Port of Limay.

For the period of January 1, 2021 to March 31, 2021, the BOC collected P148 billion, surpassing its target by 10.5 percent, or P14 billion, against the P134 billion collection target for the first quarter of the year.

The cumulative actual collection from January to March this year is higher than the P145.3 billion actual collection in the same period last year.

Last month’s collection is also higher by 22.1 percent than the P44.6 billion actual collection recorded in March 2020.

Commissioner Rey Leonardo Guerrero commended the efforts of the district collectors and the employees for their unwavering commitment and dedication to service despite the risks posed by the coronavirus pandemic.*PNA

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