BOC says it exceeded April target revenue by P3.1B

BOC says it exceeded April target revenue by P3.1B

By: - Reporter / @zacariansINQ
/ 11:11 AM May 06, 2024

BOC says it exceeded April target revenue by P3.1B

Bureau of Customs (BOC) | FILE PHOTO

MANILA, Philippines — The Bureau of Customs (BOC) on Monday (May 6) announced that it has surpassed its target revenue for April by more than P3.1 billion.

According to the BOC in a statement, initial reports showed that the agency has collected a total of P80.822 billion, breaching its P77.630 billion April target revenue.


With the April figure, total revenue since January 2024 now sits at P299.674 billion, with surplus revenue reaching P11.148 billion.


This, said the BOC, marked an increase of 6.50 percent or P18.292 billion, from its collection in the same period in 2023.

“The BOC attributes its exceptional collection performance to several factors, notably its heightened rate of assessment,” the BOC said in the statement.

“The revenue collected by the agency plays a crucial role in fueling social and economic development initiatives across the country,” it added.

READ: BOC seizes Liberian-flagged vessel in Bohol Sea

Customs Commissioner Bienvenido Rubio said the public can rest assured that the agency will maintain the momentum, aiming not to just meet revenue targets but to also “catalyze socio-economic development initiatives.”

READ: BOC seizes over P14.8 M illegal drugs from US parcels

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TAGS: Bureau of Customs, revenue collection, Revenue target

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