The Bureau of Customs (BOC) has once again exceeded its monthly goal, surpassing its May collection target by 7.52 percent.
In a statement, the BOC said it generated P77.793 billion last month, surpassing its goal of P72.35 billion by P5.443 billion.
The May 2023 collection figure marked an increase of 17.36 percent from the previous year.
Based on a preliminary report, the BOC’s cumulative collection from January to May 2023 reached P359.175 billion, exceeding the target of P345.943 billion by P13.232 billion or 3.82 percent.
This also reflects a significant increase of P38.661 billion or 12.06 percent compared to the previous year.
The BOC said it continues to exceed expectations through effective strategies in pursuit of its revenue collection, border protection, and trade facilitation mandates.