Customs beats 2-year collection goal

MANILA, Philippines —  The Bureau of Customs (BOC) has surpassed its cumulative revenue target since the start of the Marcos administration, exceeding its overall goal by P126.26 billion.

The government’s second largest revenue-generating agency collected P1.73 trillion over the past two years, higher than the P1.6 trillion target set for the period by 8.1 percent.

In a statement, the BOC said it continues to strive for a robust collection performance to support the government’s funding of national projects, strengthened border protection and simplifying trade processes.

During his third State of the Nation Address, President Marcos acknowledged the BOC’s monumental feats in delivering its duties to optimize collection efficiency, advance trade facilitation, and intensify border control.

“The Philippine financial system remains robust and resilient. Tax and non-tax revenue collection has also become more efficient, in pace with our rejuvenated economy,” Marcos said.

The BOC was also able to seize P2.7 billion worth of smuggled agri-fisheries products, demonstrating its commitment in safeguarding the nation’s borders through modernized customs procedures and stringent enforcement efforts.

Additionally, the President expressed gratitude for the implementation of the e-Travel system.

He noted that the system has significantly simplified air transport by easing the travel process for passengers.

To date, the BOC has successfully fully implemented the e-Travel System at international airports.