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Posts tagged with "Bureau of Internal Revenue"

COVID-19 pulls down BOC revenues by 7.29% from Jan to April

COVID-19 pulls down BOC revenues by 7.29% from Jan to April

May. 20 | Bureau of Customs Port of Manila building. Photo courtesy of World Customs Organization. Revenues collected by the Bureau of Customs (BOC) from January to April 2020 dropped 7.29% to P179.44 billion from P193.55 billion year-on-year. Preliminary data...

More than 7B liter fuel marked over 7 months

More than 7B liter fuel marked over 7 months

Apr. 28 | Fuel marking at the Jetti Petroleum, Inc. Bataan Terminal last February 2020. A total of 7.042 billion liters of imported petroleum products in refineries and terminals nationwide was marked from September 2019 to April 23, 2020 as part of the country’s...

BOC first-quarter collection falls 12.8% short of target

BOC first-quarter collection falls 12.8% short of target

Apr. 22 | The Bureau of Customs (BOC) collected P145.41 billion from January to March 2020, a slight improvement of 2.28% over last year’s P142.17 billion, but 12.76% lower than its target of P166.69 billion. With most economic activities in Luzon grinding to...

Random field tests on imported fuels to start mid-Feb—BOC

Random field tests on imported fuels to start mid-Feb—BOC

Feb. 3 | Bureau of Internal Revenue (BIR) Strike Team chief Sonny Advincula, BIR director Beverly Milo, Bureau of Customs (BOC) assistant commissioner Atty. Vincent Philip Maronilla, and BOC deputy commissioner Teddy Sandy Raval in a press briefing on January...

BIR sets Jan 15 deadline for gas stations to submit inventory declaration

BIR sets Jan 15 deadline for gas stations to submit inventory declaration

Jan. 8 | Image by Clker-Free-Vector-Images from Pixabay To prepare for the conduct of field testing under the Philippine government’s fuel marking program, the Bureau of Internal Revenue (BIR) has ordered its revenue district offices (RDO) to require all gasoline...

Draft Customs order on provisional goods declaration out

Draft Customs order on provisional goods declaration out

Dec. 9 | Image from Pixabay. The Bureau of Customs (BOC) has released the draft customs memorandum order (CMO) providing guidelines for the lodging and processing of provisional goods declaration under its formal entry system. Stakeholders have until December...

Duterte suspends rice importation but won’t scrap tariffication

Duterte suspends rice importation but won’t scrap tariffication

Nov. 20 | Philippine President Rodrigo Duterte has ordered the temporary suspension of rice importation during the local harvest season as a way to protect Filipino farmers that have been affected by the Rice Tariffication Law. Duterte, in a press conference on...

More oil terminals to conduct fuel marking this month

More oil terminals to conduct fuel marking this month

Oct. 21 | Image by OpenClipart-Vectors from Pixabay The facilities of some oil players will implement live fuel marking this month as part of the country’s fuel marking program, according to the Bureau of Customs (BOC). The terminals of Pure Petroleum Corp.,...

PH fuel marking program implementing rules issued

PH fuel marking program implementing rules issued

Jul. 6 | Image by Rudy and Peter Skitterians from Pixabay The Philippine government has finally released implementing guidelines for the fuel marking program designed to curb oil smuggling and plug revenue losses arising from illegal importation or misdeclaration...

JAO regulating foreign carriers’ charges out in a week or two—DTI chief

JAO regulating foreign carriers’ charges out in a week or two—DTI chief

Jun. 23 | Image by Maritime_Filming_UK from Pixabay The joint administrative order (JAO) that will regulate local charges imposed by international shipping lines servicing the Philippines will be out in one or two weeks, according to Trade and Industry Secretary...