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THE national government has collected over P60 billion in duties and taxes from more than four billion liters of fuel for the first quarter of the year in its campaign to prevent the illicit trade of petroleum products in the country. In a statement on Thursday, the Bureau of Customs…
THE digitalization efforts and anti-smuggling drive of the Bureau of Customs (BOC) allowed the agency to exceed its collection targets for the year. BOC said its collections reached P883.624 billion as of December 31, 2023. This was 1.08-percent or P9.459-billion higher than the P874.166-billion target. This also presented a 2.46…
(File photo) MANILA - The Bureau of Customs (BOC) has collected close to PHP838 million through its Post Clearance Audit Group (PCAG) in the first half of 2022. The PCAG's latest report released on Monday showed the additional revenues worth PHP837,969,590 from January to June this year is composed of PHP683.9 million from the 64 Prior Disclosure Program (PDP) applications and PHP154 million from 121 Audit Notice Letters (ANL) issued for the same period. The bureau is also expecting an additional collection amounting to PHP13.647 billion from the enforcement of 67 demand letters, arising f...
THE Bureau of Customs (BOC) collected a total of P534 million in additional revenues through the post-clearance audits it conducted in the first quarter of this year. Bulk of the amount or P498.88 million was collected from those importers who applied for the Prior Disclosure Program (PDP) while the remaining…