The Bureau of Customs (BOC) surpassed its May 2022 target collection by 20.8 percent or P11.767 billion, with actual collections of P68.245 billion against the P56.478 billion target.
Based on the preliminary report from the BOC-Financial Service, 15 of the 17 collection districts exceeded their targets for May, These districts were Port of San Fernando, Port of Manila, MICP, Ports of Batangas, Legaspi, Iloilo, Cebu, Tacloban, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri, and Limay.
To date, the BOC collected P322.472 billion since January reflecting 47.5 percent of the 2022 annual target collection of P679.226 billion. Vito Barcelo
Among the factors cited for the positive performance of the BOC since January this year were the improved valuation, intensified collection efforts, measures preventing revenue leakage, and the recovering economy of the country.
Despite this performance, the Bureau maintained its border security measures against undervaluation, misdeclaration and other forms of technical smuggling, and collection lawful revenues.