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…

Duterte orders return of post-clearance audit to BOC

Philippine President Rodrigo Duterte has revived the post-clearance audit function and returned it to the Bureau of Customs (BOC) from the Department of Finance…

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…

Finance: TradeNet to process 7 kinds of goods initially

Seven types of commonly traded commodities, including rice and sugar, will be the first batch to be covered when the Philippine government initially implements…

DOF eyes P2B budget for 2018 launch of fuel marking project

The Department of Finance (DOF) is proposing a P2-billion budget in 2018 to implement the Bureau of Customs’ (BOC) fuel marking program, one of…

BOC seeks private sector partners for fuel marking project

The Philippine Bureau of Customs (BOC) is asking providers of fuel marking products and services to help the agency implement its fuel marking program.…

TradeNet is online platform for PH National Single Window

The National Single Window (NSW) Steering Committee, a high-level team chaired by the secretary of the Philippine Department of Finance (DOF), has agreed to…

DOF to introduce faster import permit system

The Philippine government is finalizing a new, faster system for securing import applications that currently involves more than 60 government agencies, part of fresh…

DOF to install cybersecurity shield in all attached agencies

The Philippine Department of Finance (DOF) is now putting in place a comprehensive cybersecurity defense structure that will span all its units and attached…

BOC collection up in first 7 months but below target

Revenue collection by the Philippine Bureau of Customs (BOC) in the first seven months of the year reached P246.98 billion, an 11.48% increase from…

DOF finds loopholes in P6.4B shabu smuggling case

Lapses that allowed the release of P6.4 billion worth of methamphetamine hydrochloride (shabu) from the Port of Manila have been identified and are now…

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…

PH plans yearend NSW linkup with ASEAN Single Window

After five years, the Philippines is expected to finally connect to the Association of Southeast Asian Nations (ASEAN) Single Window by December this year,…

Revised draft order lays down conditions for establishing PH customs facilities

The Department of Finance (DOF) and Bureau of Customs (BOC) have issued the revised draft order for establishing, maintaining, and operating customs facilities and…

DOF, Customs draft order on monitoring of containers

The proposed order providing Philippine rules on the admission, movement and withdrawal of container vans has been drafted by the Bureau of Customs (BOC)…

Draft PH order tackles storage of overstaying and abandoned goods

Rules on the temporary storage of imported goods declared overstaying or abandoned have been drafted by the Philippine Department of Finance (DOF) and Bureau…

Fuel marking in PH eyed in 2018

A mandatory fuel marking system may be implemented in the Philippines by the Bureau of Customs (BOC) by early next year to curb smuggling…

Draft BOC rules give directions for marking imported goods

The Philippine Department of Finance (DOF) and the Bureau of Customs (BOC) have issued a draft order outlining guidelines for marking imported goods of…