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Tuesday, July 23, 2024

BOC-Limay surpasses ’22 tax target by 48%

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The Bureau of Customs (BOC) at the port of Limay, Bataan has chalked up a record collection of P78 billion for 2022, over-shooting its P53-billion target by 48 percent.

This was revealed in a report by the Commission on Audit (COA) which showed that the BOC-Limay headed by William Balayo mustered revenue collections totaling P78,729,645,419.07 for 2022, surpassed its target by nearly P25.7 billion.

“Due to the Port’s efficient collection strategies, it is noteworthy that the Port registered consistently monthly surpluses and by the end of September 2022, it already had met its actual target,” the COA report stated.

COA commended the BOC-Limay for its “aggressive strategies” employed to collect taxes and duties and to promote local and international investments, the digitization and streamlining of processes, and the enhancement of trade facilitation.

The COA also commended the BOC-Limay for recording its highest actual collection in six years.

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