Tuesday, May 4, 2021

BOC surpasses April 2021 collection target by P2B

THE BUREAU  of Customs (BOC) on Monday reported that it has collected PHP51.277 billion revenue in April, surpassing its PHP49.200 billion collection target.

Based on the preliminary report of its Financial Service, the BOC posted PHP2.077 billion revenue surplus or up by 4.2 percent versus its collection goal last month.

It added that collection includes additional revenues from the Tax Expenditure Fund (TEF) collection of PHP121 million and Post Clearance Audit Group (PCAG) collection of PHP13.65 million for April 2021.

The BOC said 11 out of the 17 collection districts surpassed its April collection target. These are Port of San Fernando, Port of Manila, Manila International Container Port, Port of Iloilo, Port of Tacloban, Port of Surigao, Port of Zamboanga, Port of Davao, Port of Subic, Port of Aparri, and Port of Limay.

Casting up April preliminary collection report, the bureau collected PHP200.46 billion against the January to April 2021 collection target of PHP183.174 billion, posting a running surplus of PHP17.285 billion or up by 9.4 percent.

The additional revenues from the TEF collection are PHP219.34 million while the PCAG collection is PHP300.59 million from January to April 2021.

This year’s quadrimester collection is also higher by PHP20.7 billion or 11.5 percent higher compared to 2020.

Since January 2021, the bureau has consistently exceeded its monthly revenue collection target. (By Ferdinand Patinio)

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