Customs collections closing in on P1 trillion markIf realized, the BOC could generate from P953 billion to as much as P968 billion for the year. MANILA, Philippines — The Bureau of Customs (BOC) is expecting to rake in over P900 billion in collections this year, exceeding the P733 billion target and effectively closing in on the P1-trillion mark as the economy continues to reopen. The BOC is targeting to collect P733 billion this year. This is already 87 percent of its original target of P733 billion. For the business community, if you have a predictable and transparent Customs administration, then it’s very favorable to them,” he said.

Source: Philippine Star October 22, 2022 04:21 UTC