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Posts tagged with "Department of Finance"

Additional fuel excise tax may be implemented in 2019 after all

Additional fuel excise tax may be implemented in 2019 after all

Nov. 30 | The Development Budget Coordinating Committee (DBCC) has retracted its recommendation to suspend the second increase in excise tax on fuel under the Tax Reform for Inclusion and Acceleration (TRAIN) law in light of the favorable outlook in the price of...

PH, China ink 29 deals, mainly on infrastructure projects

PH, China ink 29 deals, mainly on infrastructure projects

Nov. 25 | The Philippines and China signed 29 agreements, including on the Philippine government’s infrastructure projects and on x-ray machines for the Philippine Bureau of Customs (BOC), during the recent state visit of Chinese President Xi Jinping. Philippine...

DOF: 5 customs officials sacked over SALN irregularities

DOF: 5 customs officials sacked over SALN irregularities

Oct. 10 | Five employees of the Philippine Bureau of Customs (BOC) were dismissed from service this year as part of the Department of Finance’s (DOF) anti-graft campaign. In a report to Finance Secretary Carlos Dominguez III, DOF’s Revenue Integrity Protection...

PH gets P2B JICA loan to fund New Bohol Airport’s phase 2 development

PH gets P2B JICA loan to fund New Bohol Airport’s phase 2 development

Oct. 10 | Image from www.chiyodacorp.com/en/projects/new-bohol-airport.html The Philippines’ Department of Finance (DOF) and Japan International Cooperation Agency (JICA) have signed an agreement extending a JPY4.376-billion (about P2.10 billion or US$40.61 million)...

DOF working on harmonizing commodity codes

DOF working on harmonizing commodity codes

Sep. 12 | Starting this month,the Philippine Department of Finance (DOF) will work with various trade regulatory government agencies (TRGAs) in a series of tariff harmonization and classification workshops to gather the base data needed to run TradeNet.gov.ph,...

DOF says it’s not cause of delay for ok of Bulacan airport project

DOF says it’s not cause of delay for ok of Bulacan airport project

Sep. 12 | The Department of Finance (DOF) has not caused delays in approval of an airport complex in Bulacan proposed by San Miguel Holdings Corp. (SMHC), Finance Secretary Carlos Dominguez III told a Senate Committee on Public Services hearing on September 10. He...

China asked to fund feasibility studies for 12 PH infra projects

China asked to fund feasibility studies for 12 PH infra projects

Sep. 2 | The Philippines has submitted to China’s new aid agency an indicative list of 12 big-ticket infrastructure projects that will undergo feasibility studies with possible Chinese grant financing, according to Finance Secretary Carlos Dominguez III. In...

BOC prepares to execute fuel marking program

BOC prepares to execute fuel marking program

Aug. 8 | The Bureau of Customs (BOC) has created a task force to oversee preparations for the implementation of its fuel marking program. Created under Customs Special Order No. 49-2018, the Fuel Marking Task Force, chaired by the Enforcement Group and co-chaired...

AFP, PCG to back up BOC’s intensified anti-smuggling drive

AFP, PCG to back up BOC’s intensified anti-smuggling drive

Jul. 24 | The Bureau of Customs (BOC) is discussing with the Armed Forces of the Philippines (AFP) and Philippine Coast Guard (PCG) plans to expand its anti-smuggling task force by teaming up with the two law enforcement agencies to further strengthen the government’s...

All BOC automation requirements now with World Bank—Lapeña

All BOC automation requirements now with World Bank—Lapeña

Jun. 29 | The Philippine Bureau of Customs (BOC) has completed the requirements that will lead the World Bank (WB) to approve a proposed project to modernize and automate the customs agency. Customs Commissioner Isidro Lapeña told PortCalls in an interview on...
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