Browsing Tag

Department of Finance

140 posts

Rule on BOC exercise of police authority drafted

The Philippine Department of Finance (DOF) and Bureau of Customs (BOC) are seeking comments on the draft customs administrative order (CAO) that will implement…
  • February 7, 2017
  • 3 minute read

BIR confirms accreditation renewal dates for 790 importers, brokers

The list of 790 Philippine importers and customs brokers that must renew their accreditation with the Bureau of Internal Revenue (BIR) from March to…
  • February 7, 2017
  • 2 minute read

Proposed PH tax reform bill aims to remove ‘flaws’ in BIR, BOC to achieve revenue targets

The revised comprehensive Philippine tax reform bill proposes applying administrative reforms to revenue-generating agencies to raise more revenues for the government’s ambitious infrastructure program.…
  • January 31, 2017
  • 3 minute read

Proposed BOC order sets new rules for VASP accreditation

The Philippine Department of Finance (DOF) and Bureau of Customs (BOC) have issued the draft customs administrative order (CAO) that revises the policy on…
  • January 30, 2017
  • 3 minute read

64 mega projects comprise centerpiece of PH ‘Golden Age of Infrastructure’

A total of 64 big-ticket projects in the Philippines ranging from major road networks, railway systems, and bus rapid transit systems to airport and…
  • January 29, 2017
  • 4 minute read

BIR reminds importers, brokers to renew accreditation

The Philippine Bureau of Internal Revenue (BIR) has released the list of 204 importers and customs brokers that must renew their accreditation with the…
  • January 20, 2017
  • 2 minute read

PH Customs & Trade Outlook for 2017

For this column, we will provide our outlook on 2017 customs and trade developments in the Philippines. Most of these changes will be from…
  • January 8, 2017
  • 3 minute read

Draft of PH Anti-Agri Smuggling Act rules now with DOF

The Philippine Bureau of Customs (BOC) has submitted the draft implementing rules and regulations (IRR) of the Anti-Agricultural Smuggling Act of 2016 to the…
  • December 21, 2016
  • 2 minute read

PH vows to spend P8T on infrastructure in 6 years

The Philippine government needs at least P8 trillion over the next six years to close the infrastructure gap and be on an equal footing…
  • December 12, 2016
  • 3 minute read

Draft PH order on entry process for imports set for public hearing

The Philippine Department of Finance (DOF) and Bureau of Customs (BOC) have released the draft customs administrative order (CAO) implementing provisions of the Customs…
  • December 5, 2016
  • 3 minute read

BOC to PAL, Cebu Pacific: Pay OT of Mactan-Cebu airport workers

The Bureau of Customs (BOC) again called the attention of Philippine Airlines (PAL) and Cebu Pacific for their failure to settle the long-delayed overtime…
  • December 5, 2016
  • 3 minute read

2017 PH infra budget of P860B to go mostly to rural dev’t

The Duterte administration will be spending P860.7 billion on large-scale infrastructure projects next year–including airports, a seaport and a railway network–in keeping with its…
  • December 1, 2016
  • 4 minute read

Draft PH customs order revises rules for abandoned goods

The draft customs administrative order (CAO) governing the processing of abandoned goods at Philippine gateways has been released by the Department of Finance (DOF)…
  • November 27, 2016
  • 4 minute read

BOC, BIR crack down on illicit tobacco trade with seizure of P1B fake cigarettes

Separate teams from the Philippine Bureau of Customs (BOC) and the Bureau of Internal Revenue (BIR) have seized fake cigarettes worth over P1 billion…
  • November 24, 2016
  • 3 minute read

P1M cash reward for info on customs official’s killers

A P1-million reward will be given anyone who can provide information leading to the arrest of those behind the ambush of Customs deputy commissioner…
  • November 21, 2016
  • 3 minute read

Draft BOC orders on postal items, baggage processing seek feedback

A draft customs administrative order (CAO) implementing provisions on the handling of the clearance of postal items and another on the processing of traveler…
  • November 21, 2016
  • 3 minute read

BOC issues draft rule on duty drawback, refund implementation

The draft customs administrative order (CAO) to implement Philippine provisions on duty drawback, refund and abatement, and return of sash deposits held in trust…
  • November 15, 2016
  • 3 minute read

BOC introduces draft rule on tax, duty-exempt import perks for OFWs

The draft customs administrative order (CAO) on the tax- and duty-exempt privileges for importations of personal and household effects by returning residents and overseas…
  • November 7, 2016
  • 3 minute read

Draft PH customs order hikes tax exemption for balikbayan boxes

A draft customs administrative order (CAO) governing the consolidated shipment of duty- and tax-free balikbayan boxes (personal effects from overseas Filipino workers) and increasing their…
  • November 1, 2016
  • 4 minute read