BOC eyes P100-billion surplus collections by year end

The Bureau of Customs (BOC) said Sunday that they expect about a P100-billion surplus by December as it already surpassed its full-year collection target for 2022.

This came after the BOC announced Tuesday it already collected P745.50 billion as of November 11, exceeding its collection target of P721.52 billion for the entire year by P23.98 billion or 3.27%.

“Ang kinokolekta na po natin ngayon simula noong nakaraang Lunes hanggang sa kasalukuyan ay surplus collection performance na ng Bureau,” BOC spokesperson Arnaldo dela Torre Jr. said in a Super Radyo dzBB interview.

(What we have been collecting since last Monday until now is the Bureau's surplus collection performance.)

“Ito ay magandang mensahe na pinapadala natin sa ating mga kababayan na hindi ho kami titigil. Kahit nakuha na ang target para sa buwan ng Nobyembre at Disyembre ay kukunin pa rin natin ang assigned revenue collection target,” he added.

(This is a good message for our countrymen that we will not stop. Even though the target for November and December has been reached, we will still aim to surpass the assigned revenue collection target.)

Dela Torre said the BOC expects to gather a total of P800 billion to P900 billion revenue by year end.

He attributed the Bureau’s feat to the consistent performance of their collection districts since January this year.

“Ang ibig nating sabihin, ‘yung sigla ng ating mga emplyedo…at pakikipag-participate ng mga stakeholders at mga importers na sumunod sa proseso at sistema na dapat makuha ng Bureau of Customs sa revenue collection target,” he said.

(This means that the employees have enthusiasm...and our stakeholders and importers participate in following the BOC’s processes and system to obtain the revenue collection target.) —KG, GMA Integrated News