Customs exceeds target in November
The Bureau of Customs (BOC), the government's second main tax agency, said yesterday that it has exceeded its collection target last month.
In a statement, Customs Commissioner Nicanor E. Faeldon attributed the higherthan-expected collection on the agency’s “positive trust rating” in the new administration.
In November, the Customs raised R40.24 billion in revenues, higher by 12 percent against R36.45billion target for the month.
Customs’ collection performance last month was also higher by 27 percent compared with R29.06 billion in the same month last year.
Faeldon said that stakeholders are now cooperating with the Customs due to its transparency in transactions.
The agency also benefited from its “full efforts” in increasing revenue collection, he added.
“In our outlook assessment report, the current collection record has exhibited a better leadership performance in past five months in 2016, covering July to November,” Customs claimed.
Out of the 17 Customs ports, the Manila International Container Port (MICP) exceeded by R1 billion its R10.367.14billion target for November to R11.362.52 billion.
“We are targeting to improve more on our revenue collection performance to support Commissioner Faeldon’s revenue collection efforts from today towards the future,” Danilo G. Ballena Jr., MICP chief of staff said.
Aside from their better management in the bureau, Faeldon also said that regular consultation with the stakeholders, the public and social media boosted their anti-corruption and antismuggling efforts.
“I congratulate all our port collectors for their selfless efforts in improving their revenue collections that are usually translated into improved lives and services for the 95 million Filipinos,” Faeldon said.
For 2016, the Customs bureau is tasked to collect R406 billion.
Earlier, Faeldon said the agency might have difficulties in reaching its collection goal this year.