Customs bureau surpasses May collection target by 6.6 percent

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(Eagle News) — The Bureau of Customs generated P49.334 billion in revenues in May, surpassing its target for the month by 6.6 percent. In a statement, the bureau said the increase of P3.058 billion was despite the COVID-19 pandemic and its effects. Based on the preliminary report from the BOC Financial Service, the P49.334B collection includes additional revenues from the Tax Expenditure Fund (TEF) amounting to  P50.16 million and Post Clearance Audit Group (PCAG) collection […]