P677B revenue collection goal for 2019 doable, says BOC chief

Customs Commissioner Rey Leonardo Guerrero is confident of meeting the Bureau of Customs’ (BOC) P677-billion 2019 revenue collection target. In a text message to…

BOC implements TRAIN Law’s second tranche

New rates for several commodities including fuel, tobacco and alcoholic beverages covered under the second tranche of the Tax Reform for Acceleration and Inclusion…

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 fuel marking system for implementation in 2019

The Philippine government will finally implement next year its fuel marking system to curb oil smuggling and plug revenue losses from illegal importation and…

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…

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…