MANILA – The Bureau of Customs (BOC) on Thursday reported that it has collected a total of PHP52.447 billion in June, posting an 11.2 percent surplus.
Based on the preliminary report from the BOC Financial Service, the bureau said the amount is higher by PHP5.272 billion than last month's target collection of PHP47.175 billion.
Aside from the collections of the 17 ports, the revenue includes additional collections from the Tax Expenditure Fund (TEF) collection of PHP157.06 million and Post Clearance Audit Group (PCAG) collection of PHP148.73 million.
This is the sixth consecutive month of the bureau in achieving positive collections.
To date, the BOC has collected PHP302.744 billion in the first six months of 2021, surpassing its midyear collection target of PHP291.833 billion by 3.7 percent or PHP10.911 billion.
The total collection for the first half of this year is also higher by PHP49.653 billion than last year's total midyear collection amounting to PHP253.091 billion.
The bureau attributed the positive performance to its improved valuation, digitized and modernized systems, the gradually improving economy resulting in a higher volume of importations, and the intensified collection efforts of all districts. (PNA)
