Thursday, December 3, 2020
Tags Department of Finance

Tag: Department of Finance

BOC, BIR to probe reports coops used as dummies by rice importers

• The Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR) will investigate reported use of cooperatives as dummies by private traders for...

More agencies to join TradeNet in 2021

Two trade regulatory government agencies (TRGA) will link with the new national single window (NSW) TradeNet by yearend; other TRGAs to come on...

BOC collection from rice import tariff hits P13B

BOC takes in P13 billion in rice import tariff in the first nine months of the year, exceeding the P10 billion minimum collection...

P143B collected from marking 14B liters of fuel

The Philippine government has marked a total of 14.04 billion liters of fuel from September 2019 through October 15, 2020 under its fuel marking...

Duty-free imports of medical, educational products approved

Finance Secretary Carlos Dominguez III has approved the Bureau of Customs (BOC) implementing rules and regulations (IRR) on tax- and duty-free importation of certain...

Guidelines on field testing of fuels being finalized

The guidelines on implementation of field testing of fuels under the Philippine government’s fuel marking program are being finalized by the Department of Finance...

Dominguez leads Philippine Tax Academy board

Finance Secretary Carlos Dominguez III has been appointed ex-officio chairperson of the Governing Board of the Philippine Tax Academy (PTA) by President Rodrigo Duterte,...

BOC Jan-Aug collection exceeds target by 5%

The Bureau of Customs (BOC) has collected P347.6 billion in revenues from January to August 2020, higher by 5.13% than the P330.63-billion target for...

Fuel marking program yields P126.5B in first year

The Philippine government collected P126.51 billion in duties and taxes in the first year of the fuel marking program, according to the Department of...

Oil firms to pay fuel marking fees from Sept 4

From September 4, 2020, the Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR) will start collecting from oil companies a fuel marking...

Most Read

BOC-NAIA seizes 28 kilos of rare agarwood worth P2.4M

  Bureau of Customs intercepted in Pasay City three packages containing 28 kilos of agarwood with an estimated street value of P2.4 million All...

Industry expert pushes multimodal transport in ASEAN for cost savings

Multimodal transportation offers reduced costs, saves time and improves shipment monitoring during transit Dealing with customs transit/transshipment procedures of countries a multimodal transport challenge Multimodal...

PH, Indonesia to ink Halal trade deal

The Philippines and Indonesia are set to sign a memorandum of understanding (MOU) on Halal cooperation that will facilitate trade of Halal-certified goods...

Bellyhold shortage hampers Asia’s air cargo market recovery

Regional carriers transported 13% less cargo in October year-on-year even as global business conditions continued to improve Air cargo traffic held back by...