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BOC Limay overshoots 2022 collection target by 48%

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  • Source A.
  • 1 year ago

The Bureau of Customs (BOC) Port of Limay headed by District Collector Atty. William Balayo recorded a collection of P78 billion for 2022, surpassing by 48 percent the original target of P53 billion.

Based on an audit observation memorandum to Balayo from Commission on Audit (COA) regional office, the BOC Port of Limay’s actual collections of P78,729,645,419.07 for calendar year 2022 surpassed its collection target by 48.44% or P25,690,681,912.10 than its collection target of P53,038,963, 506.97.

The audit memorandum also stated, “Due to the Port’s efficient collection strategies, it is noteworthy that the Port registered consistently monthly surpluses and by the end of September 2022, it already had met its actual target.”

COA commended the BOC Port of Limay management headed by Balayo for its aggressive strategies employed to collect taxes and duties and to promote local and international investments, the digitization and streamlining of processes, and the enhancement of trade facilitation.

The state audit agency also commended the BOC Limay for recording its highest actual collection in six years.

The COA memorandum is signed by OIC regional supervising auditor Priscila Esguerra and OIC audit team leader Elena Balingit dated January 12, 2023.

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