THE Bureau of Customs (BoC) stated on Monday that it surpassed its 10-month assortment goal with a preliminary estimate of P784.54 billion within the January to October interval.
This exceeded the P779.99-billion goal set for it by the Growth Price range Coordination Committee. The complete-year goal is P939.69 billion.
“This quantity marks a strong 6% enhance in comparison with the identical interval final yr, leading to a further P44.445 billion over the P740.095 billion collected in 2023,” the BoC stated in an announcement.
In October, the BoC collected P89.50 billion, additionally exceeding its P86.10 billion goal for the month.
Commissioner Bienvenido Y. Rubio stated the bureau is “resolute” in strengthening its assortment capabilities and supporting the enlargement of fiscal area.
The BoC stated the gathering numbers mirror contributions from the value-added tax refund program and the gas marking initiative, including that P3.35 billion was collected from tax credit score certificates. — Aubrey Rose A. Inosante
