BOC logs nearly P7-billion collection surplus in Jan.

The Bureau of Customs (BOC) reported that it surpassed its revenue collection target for January.

Based on the preliminary report released Monday night, the BOC has collected PHP65.801 billion from Jan. 1 to 27 alone. The initial collection for the year was higher by 11.9 percent or PHP6.98 billion.

The BOC said this month’s target revenue collection is PHP58.822 billion.

The amount is also higher by 13.1 percent, or PHP7.627 billion, compared to the PHP58.174 billion collection during the same period in 2022.

Under Commissioner Yogi Filemon Ruiz’s watch, the BOC continues to implement stringent measures to counter il-