The Bureau of Customs (BOC) expects a P100-billion surplus by December, as it already surpassed its full-year collection target for 2022, it said in a statement Sunday.
This came after the Bureau announced earlier in the week 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%.
“What we have been collecting since last Monday until now is the Bureau’s surplus collection performance,” BOC spokesperson Arnaldo dela Torre Jr. said in a Super Radyo dzBB interview.
“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,” he added.
The BOC expects to gather total revenue of P800 billion to P900 billion by yearend, Dela Torre said. He attributed the Bureau’s feat to the consistent performance of their collection districts since January this year.
“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,” he said.