BOC posted P931B revenues in 2024, says PBBM
The Bureau of Customs (BOC) generated PhP931.046 billion in revenues last year, up by PhP40 billion from PhP890.446 billion in 2023.
President Ferdinand R. Marcos Jr. acknowledged this accomplishment during the BOC’s 123rd-anniversary celebrations on Friday and stressed the importance of increased revenue collection.
The numbers, the President said, are significant as revenues are used in developing educational and infrastructure systems and many other projects.
“Ibig sabihin, sa tamang pagkokolekta ng taripa sa ating mga pantalan, mas mabilis ang biyahe ng ating mga kababayan, magkakaroon ng sapat na kagamitan sa pag-aaral ng ating mga anak, at mapapagtapos natin sa kolehiyo ang mas marami pa nating mga kabataan,” President Marcos said.
The President praised the BOC’s efforts to protect the country’s borders from economic exploitation. He noted that the BOC confiscated more than PhP85.167 billion worth of smuggled goods last year, nearly doubling the PhP43.295 billion seized in 2023.
At the same time, the President called on the officials and personnel of the BOC to prioritize public interest, work honestly, and ensure the people’s welfare.
He said building public confidence in the BOC is necessary to increase tax compliance.
The President likewise congratulated the BOC’s Leadership Awards recipients for their extraordinary work supporting the agency and the administration’s objectives.
The President expressed optimism that the awardees will continue to excel and lead the bureau into a new era of efficiency and integrity.
“This is the kind of leadership that Filipino citizens require and this is what they deserve. So, we celebrate the BOC’s 123rd anniversary today with a challenge that involves everyone,” President Marcos said.
“Sa lahat ng opisyal, inspektor, at kawani ng BOC: Lagi ninyong unahin ang kapakanan ng sambayanan. Gampanan ninyo ang inyong tungkulin ng buong katapatan at may malasakit sa inyong kapwa Pilipino.” | PND
SOURCE= https://pco.gov.ph/news_releases/boc-posted-p931b-revenues-in-2024-says-pbbm/
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In 2024, the BOC said it introduced various policies and initiatives to streamline payment processes and improve stakeholder experience.
“Among these is the Electronic Payment Portal System (ePay), implemented through Customs Memorandum Order (CMO) No. 06-2024, which enables stakeholders to pay customs duties, taxes, and other fees online, minimizing physical transactions and enhancing efficiency,” it said.
“Strategic partnerships further strengthened the BOC’s payment systems. The BOC formalized a Memorandum of Agreement (MOA) with LandBank of the Philippines to utilize the Link.BizPortal for digital payment processing,” added the BOC.
The BOC said its renewed partnership with Maya Philippines Inc. also integrated Maya’s payment platform into BOC operations, enabling seamless transactions through online channels, Point-of-Sale (POS) terminals, and Smart Padala centers.
“Through these efforts, the BOC continues to strengthen its role in promoting economic stability and supporting the Philippines' growth, ensuring that customs operations remain efficient, transparent, and responsive to national needs,” the Customs said.
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https://www.gmanetwork.com/news/money/economy/936333/boc-collects-p931b-in-2024/story/
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