The Philippine government will finally implement next year its fuel marking system to curb oil smuggling and plug revenue losses from illegal importation and…
In recent years e-commerce has grown exponentially, with many offshore purchases now done through online sites. Unfortunately, first-time importers have encountered difficulties when clearing…
BOC intel group may pore over export declarations with tax refunds
The Bureau of Customs (BOC) has authorized its Customs Intelligence and Investigation Service (CIIS) to have access to export information to “maximize the anti-smuggling…
Philippine firms may now monetize the outstanding value-added tax (VAT) tax credit certificates (TCCs) they earned from the Bureau of Customs (BOC). In a…
December 23, 2015
1 minute read
Customs Miscalculation of Duties and Taxes
SINCE last year, the Bureau of Customs (BOC) has been issuing new rules on the computation of duties and taxes. Rather than clarifying the…
