MANILA, Philippines—The Bureau of Customs (BOC) collected P51.28 billion in import duties and other taxes in April, which not only grew year-on-year but also exceeded the month’s goal as global trade restrictions eased.
In a statement on Monday (May 3), the BOC said its actual tax take in April surpassed the P49.2-billion target by 4.2 percent.
“The collection includes additional revenues from the tax expenditure fund (TEF) collection of P121 million and post-clearance audit group (PCAG) collection of P13.65 million,” the country’s second-biggest tax collection agency said.
The BOC said 11 of the country’s 17 ports exceeded target collections in April–Aparri, Davao, Iloilo, L…
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