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Posts tagged with "Bureau of Internal Revenue"

Fake tobacco suppliers shift to producing counterfeit brands in PH

Fake tobacco suppliers shift to producing counterfeit brands in PH

Dec. 13 | Finance Secretary Carlos Dominguez III has directed the Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR) to work with their counterparts in China to stop the illicit entry in the Philippines of cigarette-making machines used to manufacture...

PH fuel marking system for implementation in 2019

PH fuel marking system for implementation in 2019

Nov. 26 | The Philippine government will finally implement next year its fuel marking system to curb oil smuggling and plug revenue losses from illegal importation and misdeclaration of fuel. The Bureau of Customs and Bureau of Internal Revenue have recently created...

JV of SICPA and SGS secure BOC’s fuel marking project

JV of SICPA and SGS secure BOC’s fuel marking project

Nov. 6 | The joint venture of Swiss-based SICPA SA and locally based SGS Philippines, Inc. has won the contract to provide a fuel marking program for the Philippine Bureau of Customs (BOC). In the contract agreement signed by the parties on October 29, the Department...

BIR collecting data on sugar importers that don’t pay correct taxes

BIR collecting data on sugar importers that don’t pay correct taxes

Sep. 9 | Amid increased demand for refined sugar, the Bureau of Internal Revenue (BIR) has formed a task force to inventory sugar stocks and monitor shipments of the commodity into the country to ensure that the correct taxes are paid on these imports. In a report...

17 Chinese suspects arrested in raid on warehouse filled with bogus cigarettes

17 Chinese suspects arrested in raid on warehouse filled with bogus cigarettes

Aug. 27 | The Bureau of Customs raided the warehouse located on Valmonte Street, Barangay Pambuan, Gapan City, apprehended the Chinese nationals, and seized the fake cigarettes of assorted brands, together with six cigarette-making machines, cigarette raw materials,...

BIR asked to investigate unpaid taxes of foreign shipping lines

BIR asked to investigate unpaid taxes of foreign shipping lines

Aug. 19 | The Department of Trade and Industry (DTI) will call on the Bureau of Internal Revenue (BIR) to look into possible unpaid taxes of foreign shipping lines arising from local charges they levied in the Philippines. Amid growing concerns in the business...

BOC to intensify drive vs rice and sugar smuggling, expedite auction amid undersupply

BOC to intensify drive vs rice and sugar smuggling, expedite auction amid undersupply

Aug. 15 | Finance Secretary Carlos Dominguez III has ordered the Bureau of Customs (BOC) to keep a closer watch on the entry of “hot” rice and sugar in the Philippines, and speed up the auction of seized stocks amid the current supply and price issues concerning...

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,...

DOF reviewing implementation of common carriers’ tax

DOF reviewing implementation of common carriers’ tax

Jun. 12 | The Philippine Department of Finance (DOF) said it will review current revenue regulations on the common carriers’ tax imposed on international air and sea cargo vessels doing business in the Philippines to ensure a level-playing field and improve...

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...
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