The Bureau of Customs Port of Subic has exceeded its P3.8-billion target collection for January 2023 by P170-million.
This was the statement made by District Collector Maritess Martin during an interview with the Daily Tribune, citing that the P170,276,586.27 surplus is 4.46 percent higher than the collection target of P3.8 billion.
Martin cited that the BoC team assigned at the Port of Subic is committed to their mandate in collecting revenues despite the issues that were hurled at them, citing that the feat is due to the hard-working men and women of the Port, including its stakeholders and revenue contributors.
Martin also thanked the whole POS Family who has consistently proven that the BoC is steadfast in performing its mandate of collecting revenues through proper and legal procedures.
CoA gives clearance
Meanwhile, the Commission on Audit conducted the exit conference for the concluded audit for 2022 transactions of the Bureau of Customs Port of Subic and was headed by Elena Balingit, OIC, audit team leader, CoA Regional Office III, and Charmaine G. De Leon, audit team member.
Martin said that the objective of the virtual conference is to give the management the opportunity to comment on the audit observation described in the Audit Observation Memorandum issued by CoA, and to discuss other matters prior to the submission of CY 2022 Summary of Audit Observation and Recommendation.
The Port of Subic was initially commended by CoA through AOM 2023 -001 (2022) dated 9 January 2023 on the port’s success in its target collection: “We highly commend the Management for attaining and surpassing its annual collection target for CY 2022 and for recording its highest actual collection in six years. We also commend the 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.”