Customs bureau reports exceeding target revenue goal in last 11 months
BOC launches the Customs Operation Center to integrate intelligence, enforcement, risk management and scanning systems.
MANILA, Philippines — Bureau of Customs (BOC) has exceeded its revenue goal from January 2023 to November 2023.
It has also surpassed its monthly collection target for November 2023.
BOC gave the updates in a statement on Thursday.
According to BOC, it has generated income amounting to over P75 billion for November 2023, which was a 1.5 percent increase from its projected monthly target.
“[T]he BOC has once again exceeded its monthly collection target by generating over P75.338 billion for the month of November 2023,” BOC said.
“This performance surpassed the assigned target for the month by 1.5%, representing a revenue surplus of P1.089 billion based on the initial report from the BOC’s Financial Service,” the agency noted.
“From January to November 2023, BOC surpassed its revenue goal, reaching a substantial P813.651 billion—surpassing the target of P795.966 billion by 2.2%, equivalent to P17.685 billion,” it added.
Furthermore, BOC reported the overall income of the agency increased from last year’s collection output.
“The overall revenue for this year also displayed a positive upswing, showcasing a 3.09% increase, equivalent to P24.405 billion, in comparison to the previous year’s collection of P789.246 billion,” the bureau said.
