The Bureau of Customs (BOC) once more overshot its assortment goal in August amid tax administration enhancements and positive factors from costly oil.
In a press release Sunday, the BOC stated it collected P78.9 billion in import duties and different taxes final month. The precise take was 34.1 % larger than the P58.8 billion aim, the BOC stated, citing a preliminary report from its monetary service.
It was the eighth straight month this yr that the nation’s second-biggest tax-collection company exceeded its month-to-month targets.
The BOC stated final month’s tax take included P77.9 billion remitted by the nation’s 17 assortment districts on the ports of entry. One other P248.2 million got here from post-…
Carry on studying: BOC overshoots August collection target by 34%