Connect with us

Hi, what are you looking for?


Customs exceeds June collection target by 11%

THE BUREAU of Customs (BoC) collected P52.447 billion from duties and taxes last month, beating its target by 11.2% despite sustained impact of the pandemic on global trade.

Preliminary data released on Thursday showed the bureau’s June collection surpassed its P47.175- billion target for the month and also 23.1% bigger than the P42.59 billion in the same period last year.

June marked the sixth straight month that Customs beat its monthly target this year.

The BoC said last month’s total included the additional revenues generated from its post-audit activities worth P148.73 million, and the P157.06 million collected via the Tax Expenditure Fund, where the import duties and taxes of state-run firms are pooled.

In the first half, Customs collected P302.74 billion, or 3.7% higher than its P291.833-billion goal for the six-month period.

Year on year, this was also 19.6% higher than P253.09 billion seen in the same period in 2020.

The January-June revenues accounted for 48.83% of the BoC’s P620-billion collection target for the entire year. — Beatrice M. Laforga

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Bankers and accountants are among those being summoned back to their offices after the government scrapped its work-from-home guidance in England with immediate effect....


The kitchens of Michelin-starred restaurants too often descend into alternative “moral universes” where bullies and bad behaviour thrive, a study has suggested. While Gordon...


A company controlled by the Duke of York and used to manage his investments is more than £200,000 in debt, according to newly filed...


Rogue waste collectors who fly-tip household rubbish will be targeted under a government crackdown. Fly-tipping increased sharply last year to 1.1 million cases in...


Peloton Interactive lost more than 25 per cent of its value on Wall Street at one point last night after the exercise bike maker...


Boris Johnson said the country is on a path to “complete normality” as commuters began returning to the office. After work from home guidance...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.