PH test link to ASEAN Single Window successful, says DOF
Initial tests to assess the Philippines’ interconnection with other Association of Southeast Asian Nations (ASEAN) economies, starting with Indonesia, via the ASEAN Single Window…
DOF exec: TRAIN to have positive impact on logistics sector
Higher consumption and the construction of needed infrastructure, which are among the expected results from the Philippine government’s tax reform program, will benefit the…
The National Economic and Development Authority Investment Coordination Committee-Cabinet Committee (NEDA ICC-CabCom) has approved the Subic-Clark Railway Project, which will provide rail freight connection…
Under TRAIN Law, documentary stamp tax on B/L up 100%
Stamp tax on several documentations, which include bills of lading and certificates, has doubled under the Philippines’ new Tax Reform for Acceleration and Inclusion…
The software for the Philippine government’s online trade facilitation portal, TradeNet, has been delivered and is now undergoing procedures in preparation for going live…
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…
DOF: Removing QR will cut rice prices by P7 per kilo
The lifting of the quantitative restriction (QR) on Philippine rice imports in favor of tariffs will bring several benefits to the economy, including slashing…
PH shipping, trucking rates seen to rise with fuel excise tax hike
Philippine cargo transport service providers said the higher excise tax on petroleum products to be implemented by next year under the recently passed Tax…
Reforms geared towards eradicating corruption and increasing revenues marked the first 100 days in office of Philippine Customs Commissioner Isidro Lapeña, a Bureau of…
The implementing rules and regulations (IRR) of the Customs Modernization and Tariff Act (CMTA) will be contained in about 42 customs administrative orders (CAOs)…
20 PH agencies to interface with ASEAN Single Window by 2018
About 20 Philippine trade regulatory agencies are expected to start interconnecting with the Association of Southeast Asian Nations (ASEAN) Single Window (ASW) by the…
BOC probing big disparity between China and PH trade figures
The Philippine Bureau of Customs (BOC) is now checking the massive gap it has uncovered between China’s recorded export volumes to the Philippines and…
Philippine Customs Commissioner Isidro Lapeña has instructed district collectors of the Bureau of Customs (BOC) to coordinate with counterpart regional directors in the Bureau…
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…
Warning: Here Comes An Empowered Customs Audit Group
Malacañang has recently issued Executive Order (EO) No. 46 (dated October 20, 2017) entitled “Reviving the Post Clearance Audit Function of the Bureau of…
