Additional fuel excise tax may be implemented in 2019 after all
The Development Budget Coordinating Committee (DBCC) has retracted its recommendation to suspend the second increase in excise tax on fuel under the Tax Reform…
PH, China ink 29 deals, mainly on infrastructure projects
The Philippines and China signed 29 agreements, including on the Philippine government’s infrastructure projects and on x-ray machines for the Philippine Bureau of Customs…
DOF: 5 customs officials sacked over SALN irregularities
Five employees of the Philippine Bureau of Customs (BOC) were dismissed from service this year as part of the Department of Finance’s (DOF) anti-graft…
PH gets P2B JICA loan to fund New Bohol Airport’s phase 2 development
The Philippines’ Department of Finance (DOF) and Japan International Cooperation Agency (JICA) have signed an agreement extending a JPY4.376-billion (about P2.10 billion or US$40.61…
Starting this month,the Philippine Department of Finance (DOF) will work with various trade regulatory government agencies (TRGAs) in a series of tariff harmonization and…
China asked to fund feasibility studies for 12 PH infra projects
The Philippines has submitted to China’s new aid agency an indicative list of 12 big-ticket infrastructure projects that will undergo feasibility studies with possible…
The Bureau of Customs (BOC) has created a task force to oversee preparations for the implementation of its fuel marking program. Created under Customs…
TradeNet, the government’s digital trading platform that aims to reduce the processing time and number of transactions for import and export clearances, will be…
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…
Draft customs order on brokers’ registration released
The draft customs administrative order (CAO) providing new rules on the registration procedure for customs brokers has been released for public review by the…
20 state agencies for linkup to TradeNet by midyear
A total of 20 Philippine government agencies will be connected to TradeNet—the government’s online platform for the application of permits for imports and exports—by…
DOF seeks approval of 8 bridge projects in Visayas
The Philippine government plans to build eight major bridges with an estimated combined cost of P269.19 billion to interconnect the islands of Visayas and…
DOF: Approval, implementation process for mega infra projects improves
The Philippine government is continuously upgrading its institutional processes for approving and executing big-ticket infrastructure projects to hasten the implementation of its ambitious “Build,…
BOC to forge data exchange arrangement with US, SoKor, Japan
Philippine Finance Secretary Carlos Dominguez III has directed Bureau of Customs (BOC) officials to set up data exchange arrangements with South Korea, Japan, and…
PH signs $935M loan with Japan for 1st phase of MM subway
The Philippines and Japan have signed the JPY104.53 billion (about US$934.75 million) loan agreement for the construction of the first phase of the Metro…
