Bureau of Customs exceeds February 2024 revenue collection target
MANILA, Philippines — The Bureau of Customs (BOC) on Tuesday reported that it collected P70.601 billion in revenues last February 2024.
The amount surpassed the February 2024 target of P66.207 billion by 6.64 percent, or P4.393 billion, the BOC added.
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The BOC added that its collection also grew by P10.444 billion, which was 7.82 percent higher than the 2023 revenue for the same period.
It attributed this increase to the agency’s higher assessment rates for determining customs values of imported goods.
It reported a revenue collection of P73.329 billion in January 2024.
“We remain committed to our mission of excellence, fiscal responsibility, and service to the Filipino people. As we continue to innovate and adapt to evolving challenges, the BOC is poised to achieve even greater milestones in the future,” BOC Commissioner Bienvenido Rubio said.
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