The Philippine Bureau of Customs is projected to exceed its July revenue target, driven by stricter valuation assessments of inbound shipments, according to Commissioner Ariel Nepomuceno.
Nepomuceno told reporters that the enhanced scrutiny of cargo valuations has boosted collections, putting the agency ahead of its monthly goal.
Similarly, Sri Lanka Customs collected more than 65% of its July target in the first half of the month, indicating strong momentum in tax administration reforms across the region.
The development underscores a continued effort by Philippine authorities to tighten customs enforcement and improve revenue realization from trade flows.
This follows a pattern of aggressive revenue collection across emerging markets.
In Nigeria, the Customs Service recently reported exceeding its 2025 revenue target by 10.24%, collecting N7.28 trillion.
Similarly, Sri Lanka Customs collected more than 65% of its July target in the first half of the month, indicating strong momentum in tax administration reforms across the region.