MANILA -- The Port of Davao has recorded a PHP5.1-billion, or about 25 percent, surplus in its collection from January to early December, the Bureau of Customs (BOC) said on Wednesday.
In a statement, District Collector Atty. Romalino Valdez said they have collected a total of PHP25.3 billion, as of Dec. 19, against the PHP20.1 billion target for the year.
"We are looking at around PHP5.5 billion in surplus by the end of 2018," he said in a statement.
This year’s total collection is around 54 percent or PHP8.9 billion higher compared to the collection of PHP16.4 billion in 2017.
The said Port also surpassed its highest monthly collection record twice this year.
The first was in February after collecting a total of PHP2 billion with 54.34 percent surplus; and in June when they collected a total of PHP2.4 billion with 57.73 percent surplus.
Valdez credited this achievement to the hard work and dedication of every Customs personnel from the Port of Davao and the sub-ports of General Santos, Parang and Mati.
“The Port of Davao takes to heart that hitting our collection target means assurance that every infrastructure, health, educational, economic, and financial project of the government will be well funded,” he added.
At the same time, the Port of Davao head expressed gratitude to to the businesses and taxpayers who pay lawful taxes that are due the government.
“Hitting our collection target was also made possible through the help of the BOC stakeholders and the individual taxpayers. I would like to thank them for their contribution to the funding of the projects of the government,” Valdez added. (PNA)
