The Bureau of Customs (BOC) has issued a circular to implement the Philippines-Korea Free Trade Agreement (PH-KR FTA), following President Marcos’ recent signing of Executive Order (EO) 80. In a statement, BOC Commissioner Bienvenido Y. Rubio, said that Customs Memorandum Order (CMO) 11-2024 aims...
Total tax collections for 2024 reached P3.55 trillion as of end-November, according to the Department of Finance (DOF). This record marks an 11.5-percent increase from the previous year, which was driven by a 13.9-percent rise in Bureau of Internal Revenue (BIR) collections to P2.67 trillion...
FOR MONDAY An ongoing court battle has forced the Philippine government and the World Bank to cancel a loan aimed at speeding up customs processes. The World Bank disclosed on Dec. 20 that the Philippines Customs Modernization Project, for which the Washington-based multilateral lender committed...
The Bureau of Customs – Intelligence Group (BOC-IG) concluded the year with a record P81 billion worth of seized contraband amid intensified efforts in combating smuggling and enhancing border security. During a command conference where the agency reviewed its annual performance and charted its...
The Philippines' Fuel Marking Program (FMP) has generated P1.028 trillion in taxes since its launch five years ago, Swiss-owned technology company SICPA reported on Tuesday, Nov. 26. As of November 2024, the program, a partnership between the Bureau of Customs (BOC), SGS Philippines Inc., and...
The Bureau of Customs (BOC) has confiscated P72.1 billion worth of smuggled goods in the first 10 months of 2024, exceeding its total seizures of P43.29 billion from the previous year. At the BOC’s Inter-Agency Intelligence Summit on Oct. 18, Customs Commissioner Bienvenido Y. Rubio credited the...
The Bureau of Customs (BOC) has intercepted a fuel tanker and four lorries caught transferring smuggled fuel at the Port of Batangas. The BOC said the operation, conducted on Wednesday, Oct. 16, was a result of intelligence gathered by the BOC-Customs Intelligence and Investigation Service...
The Bureau of Customs (BOC) has foiled a drug smuggling attempt at the Ninoy Aquino International Airport (NAIA) Terminal 3. On Saturday, Oct. 12, a South African national was arrested after authorities discovered 6.2 kilos of methamphetamine hydrochloride, or shabu, in his checked-in...
The Bureau of Customs (BOC) has reported a decline in revenue collection due to reduced tariffs on rice and zero-import duties on electric vehicles (EVs). According to the BOC, these policy adjustments have resulted in a combined revenue loss of nearly P9 billion in the first nine months of 2024....
The Department of Finance (DOF) reported that collections from the government’s two main tax agencies showed strong double-digit growth in the first nine months of the year. The Bureau of Internal Revenue (BIR) and the Bureau of Customs collectively gathered P2.771 trillion from January to...
The Port of Ninoy Aquino International Airport’s (NAIA) Bureau of Customs has received praise from the German Embassy for its efficient trade facilitation processes. During the recent celebration of the 34th Anniversary of German Unity and the 70th German-Philippine Diplomatic...
The Department of Finance (DOF) and the Bureau of Customs (BOC) vowed to enforce the new law designed to combat smuggling and hoarding of agricultural products, ensuring a stable food supply for Filipinos. Finance Secretary Ralph G. Recto said that the recently signed Republic Act No. 12022,...
