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Bureau of Customs revenues reached P44.691 billion in November, 5.85% higher than its P42.221 target for the month
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Twelve of 17 collection districts hit their November 2020 targets
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From January to date, BOC collected P493.324 billion, 97.47% of its 2020 goal of P506.150 billion
The Bureau of Customs (BOC) collected P44.691 billion of revenues in November, 5.85% more than the P42.221 target for the month, the sixth consecutive month the goal was surpassed.
Based on preliminary report from the agency’s Financial Service, 12 of 17 collection districts hit their November 2020 targets: Port of Manila, Ninoy Aquino International Airport, Batangas, Cebu, Tacloban, Surigao, Cagayan De Oro, Zamboanga, Davao, Subic, Clark, and Aparri.
From January to date, BOC said it has already collected P493.324 billion, 97.47% of its 2020 target of P506.150 billion.
For the last month of the year, BOC only has to collect P12.826 billion to meet the full-year goal.
The 2020 collection target is 30.8% lower than the original target of P731 billion and by 6.6% from the revised target of P541.703 billion set last May. The lower revenue target is in view of adverse impact of the coronavirus pandemic on the Philippine economy.
