BOC surpasses annual target collection, posts P68.78-billion surplus

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THE Bureau of Customs (BOC) announced that it had already exceeded its target revenue collection for this year. 

From January to November this year, the bureau already posted a collection worth P790.301 billion, which is the bureau’s highest collection performance in history.

This also equates to a P68.781-billion surplus from its original 2022 target worth P721.52 billion.

Even its target for the month of November was exceeded after the BOC posted a collection of P76.77 billion, which is P16.176 billion or 26.7 percent higher than the original P60.603-billion target.

Department of Finance Secretary Benjamin Diokno earlier expressed confidence that the BOC will exceed its collection target.

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