BOC Port of Subic collects P48.7-B revenue in 2022, exceeds P7.1-B annual target

BOC Port of Subic collects P48.7-B revenue in 2022, exceeds P7.1-B annual target

By Junex Doronio
January 5, 2023

OLONGAPO CITY — Despite the sluggish import and export activities due to inflation and the continuing Ukraine-Russia crisis, the Bureau of Customs-Port of Subic (BOC-POS) under the leadership of District Collector Maritess “Meeks” Martin, has posted an annual collection of more than P48 billion, exceeding its 2022 annual collection target by at least P7.1 billion.

Before the year 2022 ended, the BOC-POS collected some P48,733,322,614 since January, surpassing its annual collection target of P41,579,080,000.

This translated to a surplus of P7,154,242,614 or a 17.21 percent positive deviation.

Just like in the consecutive years 2021, 2020, and 2019, “Team Meeks Martin” was able to achieve an over-target tax collection of P4,381,676,829.

Martin profusely thanked the men and women of the BOC-POS for their efficient teamwork, professionalism, and dedication.

The Subic Customs chief also expressed appreciation to all the stakeholders for their cooperation and efforts to thwart smuggling.

It can be recalled that amid the holiday season last December, the BOC-POS seized 44 containers of misdeclared agricultural products that originated from China estimated to be worth around P82 million. (ai/mtvn)

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