BOC surpasses February collection target, garners ₱63B in revenue

The Bureau of Customs (BOC) exceeded its PhP61.827 billion target by collecting PhP63.015 billion in revenue for February based on a preliminary report.

Compared to the PhP59.433 billion posted last February 2022, the Bureau increased its collection by PhP3.583 billion.

As of February 28, the BOC already garnered a total revenue of PhP133.380 up by PhP8.641 billion from its target of PhP124.738 for the first two months of the year.

“We will continue to innovate and implement sustainable reforms to boost the Bureau’s collection efficiency, which will contribute to the expansion and recovery of our national economy,” says Customs Commissioner Bienvenido Y. Rubio.

“For this to be possible, we will also prioritize fostering a healthier trade environment through enhanced and modernized mechanisms for efficient trade facilitation and improved Customs operations for all our stakeholders,” he added.