With TRAIN passage, fuel marking in PH now mandatory

Marking of petroleum products, whether imported or manufactured locally in the Philippines, will now be mandatory under the recently signed Tax Reform for Acceleration…

70 more DOF officials subjected to lifestyle checks

At least 70 more employees in the main office of the Department of Finance (DOF) and its attached agencies such as the Bureau of…

Fuel marking on petrol products to be implemented next year, says DOF

The Department of Finance (DOF) expects the fuel marking and monitoring system mandated under the proposed tax reform law to be in place by…

BOC-BIR regional anti-smuggling scheme moves forward

Philippine Customs Commissioner Isidro Lapeña has instructed district collectors of the Bureau of Customs (BOC) to coordinate with counterpart regional directors in the Bureau…

18 luxury cars intercepted at Manila port

Eighteen luxury cars worth more than P107 million were seized by the Bureau of Customs (BOC) due to undervaluation and incomplete documents. The shipments…

DOF to BOC: Form anti-smuggling task forces at regional level

Philippine Finance Secretary Carlos Dominguez III has directed Customs Commissioner Isidro Lapeña to spearhead the creation of interagency task forces at the regional level…

Joint BOC-BIR task force eyed in renewed anti-smuggling drive

The Department of Finance (DOF) has ordered its attached revenue-generating agencies, the Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR), to tighten…

Marina ups age cap for vessels seeking VAT exemption

The Maritime Industry Authority (Marina) has raised the age limit of vessels that can apply for an endorsement from the Department of Finance (DOF)…

PH seeks US help in establishing tax academy

The Department of Finance (DOF) is seeking a grant from the United States to establish the Philippines’ first tax academy envisioned to provide revenue…

Duterte orders DOF to accept Mighty’s P25B tax liability deal

Philippine President Rodrigo Duterte has directed the Department of Finance (DOF) and Bureau of Internal Revenue (BIR) to accept local cigarette manufacturer Mighty Corporation’s…

BIR released 66.3% more importer, customs broker certificates in first half

The Philippine Bureau of Internal Revenue (BIR) granted clearance certificates to 2,654 importers and customs brokers in the first half of 2017, 66.3% more…

BIR establishes new timetable for processing importers’, brokers’ certificates

The Philippine Bureau of Internal Revenue (BIR) has issued a new schedule for receiving applications for and releasing the importer’s clearance certificate (ICC) and…

BOC asked to constantly modernize, innovate

Aside from revenue generation, the Philippine Bureau of Customs (BOC) performs other equally pivotal roles in the Philippines’ economic development, making it imperative that…

List of over 500 importers, brokers with expiring BIR accreditation bared

The Philippine Bureau of Internal Revenue (BIR) has come out with a list of 514 importers and customs brokers that must renew their accreditation…

Importer registration process at BOC drafted

The draft order covering the process of importer registration at the Philippine Bureau of Customs (BOC) has been released. Position papers on the draft…

Mighty’s legal woes mount as BIR mulls more charges

Philippine cigarette manufacturer Mighty Corp. is facing a string of additional criminal complaints involving tax liabilities of over P27 billion for the alleged possession…

BOC rejects Mighty appeal to lift suspension order

The Philippine Bureau of Customs (BOC) has denied Mighty Corporation’s motion to lift a suspension order against its accreditation for failure to present documentary…

DOF unlikely to enter into settlement deal with Mighty

Philippine Finance Secretary Carlos Dominguez III said any settlement with Mighty Corp on the latter’s tax evasion case is “now out of the question…

RTC dismisses Mighty lawsuit vs BOC

A Manila court has dismissed for lack of jurisdiction the case filed by local cigarette manufacturer Mighty Corporation against the Bureau of Customs (BOC).…