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Posts tagged with "SICPA SA"

PH fuel marking program implementing rules released

PH fuel marking program implementing rules released

Sep. 10 | Image courtesy of yodiyim at FreeDigitalPhotos.net The Bureau of Customs (BOC) has finally released implementing rules for its fuel marking program, which mandates marking and testing of petroleum products under the Tax Reform for Acceleration and Inclusion...

Fuel marking program to produce P5B this year—finance chief

Fuel marking program to produce P5B this year—finance chief

Jul. 9 | The Philippines’ fuel marking program is scheduled to be implemented in the third quarter of this year and will bring in at least P5 billion in revenues for 2019, according to Finance Secretary Carlos Dominguez III. The implementation follows the publication...

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...

BOC’s 2018 collection target cut by P10B

BOC’s 2018 collection target cut by P10B

Dec. 16 | The revenue collection target for 2018 of the Bureau of Customs (BOC) has been reduced by P10 billion to P584.9 billion with the fuel marking program yet to be implemented. In a memorandum dated November 15 and signed November 22, Customs Commissioner...

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...