The Bureau of Customs (BOC) apprehended two Ninoy Aquino International Airport (NAIA) passengers carrying undeclared foreign currency totaling over P24 million in two consecutive days. On Jan. 22, a Filipino passenger was intercepted at NAIA Terminal 3 with undeclared foreign currency amounting to...
While the Bureau of Internal Revenue (BIR) expressed optimism about repeating its historic beyond-target collection in 2025, achieving the double-digit growth target this year will be challenging for the Bureau of Customs (BOC), President Marcos’ chief economic manager said. Department of Finance...
The Bureau of Customs (BOC), the government's second-largest tax agency, is counting on its Five-Point Priority Program (5-PPP) to drive efficiency, boost revenues, and ensure trade security this year. In statement released on Jan. 7, the BOC’s 5-PPP focuses on surpassing revenues, full...
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) said it seized over P5 billion worth of smuggled vape products in the first 10 months of the year as part of its intensified campaign against the illicit trade. In a statement, Customs Commissioner Bienvenido Y. Rubio said the agency’s intensified efforts include...
The Bureau of Customs (BOC) is set to raise over P650 million in additional revenue through the public auction of two luxury Bugatti Chirons seized earlier this year. The starting bid for the red Bugatti Chiron is P334,238,820, while the blue Bugatti Chiron will begin at P312,390,878. The auction...
The Bureau of Customs (BOC), the government’s second-largest tax agency, said it had surpassed its target for the first 10 months of the year, driven by stricter enforcement and increased tax collections. In a statement on Monday, Nov. 11, Customs Commissioner Bienvenido Y. Rubio said the agency...
The Bureau of Customs (BOC) has seized P1.94 billion worth of smuggled goods, including dried tobacco, counterfeit products, used clothing, and other items, in a series of operations conducted last week in Bulacan. In a statement, the BOC said that the raids were prompted by reports...
