Home » Posts tagged with "Oil smuggling"

Posts tagged with "Oil smuggling"

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...

Fuel marking on petrol products to be implemented next year, says DOF

Fuel marking on petrol products to be implemented next year, says DOF

Nov. 28 | The Department of Finance (DOF) expects the fuel marking and monitoring system mandated under the proposed tax reform law to be in place by the second half of 2018 as part of sustained government efforts to curb smuggling in the oil sector. Finance Secretary...

Fuel marking in PH eyed in 2018

Fuel marking in PH eyed in 2018

Jun. 1 | A mandatory fuel marking system may be implemented in the Philippines by the Bureau of Customs (BOC) by early next year to curb smuggling and misdeclaration of petroleum products which cost the government almost P27 billion in annual revenue losses, said...