The Bureau of Customs-Port of Davao (BOC-Davao) reported that it has surpassed targeted revenue collection for the period of January to June this year despite economic slow down due to the Covid-19 pandemic.
BOC-Davao District Collector Erastus Sandino Austria disclosed in a virtual presser that from the targeted revenue of P17.6 billion for the period of January to June 2021, BOC-Davao’s actual collection is P18.7 billion.
“Nilampas ta sa atoang assigned target by P1 billion or 6.08 percent,” he said.
Austria attributed the exceed in collection from the oil and petroleum companies, which are also the top taxpayers or entities of the Port of Davao.
Topping the top 10 taxpayers or entities of the Port of Davao is the Insular Oil Corporation, which operates in the petroleum and coal products manufacturing industry.
“Sila (Insular Oil) gyud nagauna ug nagapuli puli lang sila sa Phoenix or Seaoil- mao na sila ang drivers nato diri. Moving beyond that naa ta basic consumption commodities ranging from raw materials for manufacturing facilities in Davao Region to finish products nga readily available and mabaligya or mapalit na sa atoang mga groceries,” Austria said.
BOC-Port of Davao had also exceeded its revenue collected last year despite the pandemic wherein from the target revenue of P24.7 billion the agency has collected P30.5 billion.
“We actually felt the dip in our volume during the beginning of the second quarter of 2020 because mao to siya nga time na naglockdown ang China and then the raw materials starting to deplete in many manufacturing facilities. Essentially na disrupt ang supply chain globally. Eventually after the recalibration of logistics sa mga multinational corporations, naka-post ta ug ingon ani nga numbers,” he said.
Austria added that the performance of BOC-Davao is consumer-driven.
“In the Philippines, all the commodities that we consumed, we import. There are certain commodities that we export. Also top exporter pud ta in certain fields pero almost everything makita nato sa atoang groceries, tindahan, and other essential goods. Mao na despite the closure of some businesses, we continue to operate mao na naka-post gihapon ta ug ingon ani na numbers despite economic slowdown,” he said.
For export, Port of Davao, in terms of value is an export-oriented port. According to him, 2.3 billion is the value of the agricultural products that passes through the port and exported to different counties such as China, South Korea, Japan, and others.
“This is primarily driven by the banana industry. However, ang export transactions dili ni ga-generate ug any duties and taxes, wala’y bayad ug buwis kung mag-export, only if you introduced foreign goods into our jurisdiction,” Austria said.
