Dumaguete-BOC’s sub-port 2017 tax gains reach P1.7B

DUMAGUETE CITY, Philippines — With less than two weeks before 2017 ends, the Bureau of Customs sub-port of Dumaguete reported a continuing climb in its revenue collections for year, generating already close to P1.7 billion, as of December 11.

The latest 2017 comparative collection report of the Dumaguete-BOC office showed that its target collection for this year, as set by its central office, is pegged at a little more than P1.3 billion and, by the latest count, it already exceeded its target by P371.944 million, or a 28.4 percent increase.

Dumaguete Customs Collector Fe Lluelyn Ganir Toring said her office is also expecting about P122 million more before the year is over, because more shipment from major exporters will be arriving within the period.

The three key contributors to the gains earned by the Dumaguete BOC sub-port, due to importation, are FilOil for petroleum products, DUCOMI for palm olein, and Pryce Gas for liquefied petroleum gas, Toring said.

During the first quarter of this year (covering the months of January, February, and March), the Dumaguete BOC reported an actual collection of some P443.464 million, or some 83.76 percent higher than its target of P241.322 million.

In the second quarter (April, May, and June), the sub-port also reported excess in revenues earned, with an actual collection of P425.147 million versus its target of P333.852 million, or a variance of 27.35 percent.

In the 3rd quarter (July, August, and September) the sub-port revenue continued its uphill climb with a collection of P521.120 million, or 25.40 percent higher than its targeted collection of P415.556 million.

In the final quarter, just under a couple of weeks going to year’s end, the tax collection already reached more than P285.596 million, compared to its target of P312.654 million.

Toring said the Dumaguete BOC sub-port’s target collection for this year had almost triple its number, and she attributed this to the growing economy of the city and of Negros Oriental province. (FREEMAN)