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The Bureau of Customs recorded P79.343 billion collection in January 2025, exceeding its P78.015 billion target by 1.70%, according to preliminary figures
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The January 2025 collection was 8.10% higher than the P73.397 billion collected in January 2024
The Bureau of Customs (BOC) recorded P79.343 billion collection in January 2025, exceeding its P78.015 billion target by 1.7%, according to preliminary figures.
The January 2025 collection was 8.10% higher than the P73.397 billion collected in January 2024, BOC said in a statement.
“Our priority is to sustain revenue growth while ensuring seamless trade and robust border protection,” Customs commissioner Bienvenido Rubio said in a statement.
“The BOC will continue to innovate, enforce strict measures, and collaborate with stakeholders to support the government’s fiscal goals and drive national progress,” he added.
Surpassing its revenue collection targets is part of BOC’s five-point priority programs this year.
BOC is tasked to collect P1.06 trillion this year, its first trillion-peso target and a 12.8% increase from last year’s revenue collection target.
Finance Secretary Ralph Recto was earlier quoted as saying that target collections for BOC and the Bureau of Internal Revenue this year are “challenging.”
Passage of priority tax measures, such as imposition of excise tax on single-use plastics, Package 4 of the Comprehensive Tax Reform Program, the rationalization of the mining fiscal regime, and the Reform on the Motor Vehicle Users’ Charge, are seen to help achieve the higher collection targets.
The Development Budget Coordination Committee in its latest review of the medium-term macroeconomic assumptions and fiscal program last December said it expects government’s revenue collection to hit P4.383 trillion (16.5% of GDP) by the end of the year.
On average, revenue collections are expected to remain at 16.5% of GDP from 2025 to 2028, reaching P6.250 trillion (17% of GDP) by the end of the current administration.
