MANILA: The Bureau of Collections (BOC) grew its collections by 14.3 percent to P31.2 billion in June from P27.3 billion a year ago, surpassing its target for the period.
The latest figure is also 6.4 percent higher than the bureau’s P29.3 billion collection goal for the period.
“This is only the second time this year that the BOC exceeded its monthly cash target. With the support of our men and women in the bureau, I trust the Aquino administration’s reforms will result to reaching our monthly targets consistently,” Customs commissioner Alberto Lina said.
The increase in collections was due to the 19.3-percent climb in the volume of imports during the period, the BOC said.
The volume of non-oil imports went up 26.5 percent, offsetting a three percent decrease in the shipments of crude oil and petroleum products.
“Revenues generated by the BOC in June were derived purely from cash collection, which refers to duties, taxes and fees collected from goods that entered through the customs ports nationwide,” the BOC said.
In the first half of the year, collections of the BOC amounted to P178.357 billion, five percent higher than the P173.401 billion in the same period last year.
