Subic Port makes ‘collection’ history

The Port of Subic made history for posting its highest-ever collection of P22.4 billion in 2018.

Subic made a final push to end the year on a high note after it surpassed the annual revenue target of P21.1 billion, up by P1.2 billion, as of Dec. 28.

This is the most significant milestone for the port after breaking past the P20 billion mark for the first time.

Import duties and other taxes collected by Subic port were 37 percent higher than its last year’s collection of P16.3 billion.

District collector and lawyer Rhea Gregorio credited the 2018 positive revenue performance to the strict implementation of customs laws and rules and regulations.

“This enabled the port to recover its deficit in the past three quarters and finish strong toward the last quarter of the year,” Gregorio said.

The tax take of the Port of Subic in December significantly contributed to its annual revenue collections, with the figure reaching P2.4 billion for the month.

The amount is higher by P544.6 million than the port’s revenue goal during the period or a positive growth of 28.5 percent.

"The revenue collected for the month of December is the highest monthly collection in the history of the port," she said.

Gregorio expressed her gratitude to the hard work and sacrifices of every Customs personnel from the Subic port for this achievement. 

Topics: Port of Subic , Rhea Gregorio , Annual revenue
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