Browsing Tag

Bureau of Internal Revenue

78 posts

Draft Customs order on provisional goods declaration out

The Bureau of Customs (BOC) has released the draft customs memorandum order (CMO) providing guidelines for the lodging and processing of provisional goods declaration…
  • December 9, 2019
  • 4 minute read

Duterte suspends rice importation but won’t scrap tariffication

Philippine President Rodrigo Duterte has ordered the temporary suspension of rice importation during the local harvest season as a way to protect Filipino farmers…
  • November 20, 2019
  • 4 minute read

More oil terminals to conduct fuel marking this month

The facilities of some oil players will implement live fuel marking this month as part of the country’s fuel marking program, according to the…
  • October 21, 2019
  • 2 minute read

PH fuel marking program implementing rules issued

The Philippine government has finally released implementing guidelines for the fuel marking program designed to curb oil smuggling and plug revenue losses arising from…
  • July 6, 2019
  • 4 minute read

JAO regulating foreign carriers’ charges out in a week or two—DTI chief

The joint administrative order (JAO) that will regulate local charges imposed by international shipping lines servicing the Philippines will be out in one or…
  • June 23, 2019
  • 4 minute read

Fake tobacco suppliers shift to producing counterfeit brands in PH

Finance Secretary Carlos Dominguez III has directed the Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR) to work with their counterparts in…
  • December 13, 2018
  • 2 minute read

PH fuel marking system for implementation in 2019

The Philippine government will finally implement next year its fuel marking system to curb oil smuggling and plug revenue losses from illegal importation and…
  • November 26, 2018
  • 2 minute read

JV of SICPA and SGS secure BOC’s fuel marking project

The joint venture of Swiss-based SICPA SA and locally based SGS Philippines, Inc. has won the contract to provide a fuel marking program for…
  • November 6, 2018
  • 3 minute read

BIR collecting data on sugar importers that don’t pay correct taxes

Amid increased demand for refined sugar, the Bureau of Internal Revenue (BIR) has formed a task force to inventory sugar stocks and monitor shipments…
  • September 9, 2018
  • 2 minute read

17 Chinese suspects arrested in raid on warehouse filled with bogus cigarettes

The Bureau of Customs (BOC) recently caught 17 Chinese nationals allegedly involved in making fake cigarettes and fake stamps worth millions of pesos in…
  • August 27, 2018
  • 2 minute read

BIR asked to investigate unpaid taxes of foreign shipping lines

The Department of Trade and Industry (DTI) will call on the Bureau of Internal Revenue (BIR) to look into possible unpaid taxes of foreign…
  • August 19, 2018
  • 4 minute read

BOC to intensify drive vs rice and sugar smuggling, expedite auction amid undersupply

Finance Secretary Carlos Dominguez III has ordered the Bureau of Customs (BOC) to keep a closer watch on the entry of “hot” rice and…
  • August 15, 2018
  • 2 minute read

Lorenzo Shipping wins petition to drop BIR’s P2B tax case

The Philippine Commission on Tax Appeals (CTA) has granted Lorenzo Shipping Corporation’s (LSC) petition to cancel the P2-billion tax deficiency case filed against the…
  • July 3, 2018
  • 2 minute read

DOF reviewing implementation of common carriers’ tax

The Philippine Department of Finance (DOF) said it will review current revenue regulations on the common carriers’ tax imposed on international air and sea…
  • June 12, 2018
  • 3 minute read

BOC releases implementing rules for accreditation of importers, brokers

Updated on May 4 to reflect the effectivity of the memo. The Bureau of Customs (BOC) has issued implementing rules for the accreditation of…
  • May 2, 2018
  • 3 minute read

PH shipping, trucking rate hike looms in wake of higher fuel excise tax

The increase in the excise tax on fuel brought about by the passage of the new Tax Reform for Acceleration and Inclusion (TRAIN) Law…
  • March 24, 2018
  • 4 minute read

BIR, BOC join forces against smugglers, tax evaders

The Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) are set to forge a memorandum of agreement (MOA) on information sharing and…
  • March 6, 2018
  • 2 minute read

BOC order stipulates how to assess goods newly subject to higher excise tax

While waiting for implementing rules and regulations (IRR) of the Tax Reform for Inclusion and Acceleration (TRAIN), commodities with increased excise tax under the…
  • January 30, 2018
  • 3 minute read