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(Eagle News) — The Bureau of Customs posted a P3-billion collection surplus in January amid the COVID-19 pandemic. The bureau said the P47.143 billion it collected last month was P3.051 billion more than the P44.092 billion January 2021 collection target. That translates to an increase of 6.92 percent. According to the bureau, based on the preliminary report from the bureau’s Financial Service unit, eleven out of the seventeen collection districts surpassed their January 2021 collection […]
(Eagle News) — The Bureau of Customs has raised over P191 million in additional revenues for January. The bureau said the P191,383,743.21 in additional duties and taxes collected by the Post Clearance Audit Group were due to the intensified post-clearance audit verification and investigation of importers suspected to have violated provisions of RA 10863 or the Customs Modernization and Tariff Act. It said it sent three demand letters while 21 filed applications for the Prior […]
