The Bureau of Customs (BOC) took in P63 billion in revenues in February, surpassing its target of P61.83 billion for that month by 2 percent, according to preliminary data.
February collections were also higher by 6 percent or P3.6 billion than the P59.43 billion recorded in the same month of 2022
This brought the BOC revenue collection so far for 2023 to P133.38 billion, including January collections, an increase of 7 percent from P124.74 billion in the first two months of 2022
“We will continue to innovate and implement sustainable reforms to boost the (BOC’s) collection efficiency, which will contribute to the expansion and recovery of our national economy,” Customs Commissioner Bienvenido Y. Rubio said in a statement.
“For this to be possible, we will also prioritize fostering a healthier trade environment through enhanced and modernized mechanisms for efficient trade facilitation and improved Customs operations for all our stakeholders,” Rubio added.
Your subscription could not be saved. Please try again.
Your subscription has been successful.
Read Next
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.
For feedback, complaints, or inquiries, contact us.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
