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Posts tagged with "BIR"

Lorenzo Shipping wins petition to drop BIR’s P2B tax case

Lorenzo Shipping wins petition to drop BIR’s P2B tax case

Jul. 3 | The Philippine Commission on Tax Appeals (CTA) has granted Lorenzo Shipping Corporation’s (LSC) petition to cancel the P2-billion tax deficiency case filed against the domestic liner by the Bureau of Internal Revenue (BIR). The CTA Third Division,...

BOC releases implementing rules for accreditation of importers, brokers

BOC releases implementing rules for accreditation of importers, brokers

May. 2 | Updated on May 4 to reflect the effectivity of the memo. The Bureau of Customs (BOC) has issued implementing rules for the accreditation of importers and customs brokers following the Department of Finance’s (DOF) directive returning the sole authority...

PH shipping, trucking rate hike looms in wake of higher fuel excise tax

PH shipping, trucking rate hike looms in wake of higher fuel excise tax

Mar. 24 | At the recently concluded forum on “Understanding TRAIN: What’s At Stake for the Cargo Transport Industry” co-organized by the Philippine Multimodal Transport and Logistics Association and PortCalls The increase in the excise tax on...

Importer, broker accreditation back exclusively with BOC

Importer, broker accreditation back exclusively with BOC

Feb. 22 | The accreditation of Philippine importers and customs brokers is now solely in the hands of the Bureau of Customs (BOC), according to an order issued by Finance Secretary Carlos Dominguez III. The previous process required a two-step accreditation—first...

BIR ruling clears up VAT exemption for int’l cargo, passenger transport

BIR ruling clears up VAT exemption for int’l cargo, passenger transport

Dec. 29 | A newly released ruling of the Bureau of Internal Revenue (BIR) clarified the coverage of value-added tax (VAT) exemptions for the passenger and cargo transportation sector in the Philippines. In Revenue Regulation (RR) No. 15-2015 dated December 28 and...