BOC surpasses Q1 collection target, supports delivery of priority government programs

  • Post category:News

The Bureau of Customs (BOC) recorded total collections of PHP239.054 billion from January to March 2026, surpassing its internal target by 1.3% and growing 3.3% year-on-year, based on preliminary figures.

Finance Secretary Frederick D. Go commended the BOC for this achievement, noting that the strong performance reflects strengthened governance and sustained gains from reforms.

“The Bureau of Customs’ highest-ever first-quarter collection demonstrates that our commitment to reforms, transparency, and accountability is delivering real results. These gains will directly support the government’s priority programs and benefit the Filipino people,” Secretary Frederick Go said.

This performance places the first quarter of 2026 among the Bureau’s top-performing periods, surpassed only by the July to September collections in 2025, which likewise recorded a historic high under the current leadership.

The BOC attributed its strong performance to the collective efforts of its ports and subports nationwide, whose personnel continue to ensure the efficient and lawful collection of duties and taxes.

A key driver of this outcome was the Bureau’s intensified campaign against illegal trade. First-quarter revenues were bolstered by the successful public auction of forfeited goods—particularly smuggled high-end vehicles—effectively converting illicit assets into public revenue.

These efforts were complemented by strengthened post-clearance audit operations, reinforcing compliance with customs laws and ensuring the accurate payment of duties and taxes.

The Bureau’s milestone underscores its continued adherence to the directive of President Ferdinand R. Marcos Jr., complemented by the Department of Finance’s fiscal guidance, to strengthen revenue generation while upholding transparency and accountability.

“Every peso we collect helps fund essential services, advance national development, and build a better future for every Filipino,” Secretary Frederick Go added.

###