The Federation of Free Farmers (FFF) is still urging the Philippine government to resolve what they called as unabated undervaluation of rice imports, which already resulted in nearly P6 billion in losses in government revenues since 2019. FFF National Manager Raul Montemayor noted that the Bureau...
Revenues from rice tariffs increased by more than half in January amid higher imports and enhanced valuation system, the Department of Finance (DOF) said on Friday, March 5. In a report to submitted to Finance Secretary Carlos G. Dominguez III, the Bureau of Customs said that tariffs from rice...
The Bureau of Customs said it will focus on the implementation of the agency’s modernization program and other related projects this year to improve its delivery of services to stakeholders. In a report to Finance Secretary Carlos G. Dominguez III, Customs Commissioner Rey...
The Bureau of Customs (BOC) has apprehended 20-footer containers with illicit cigarettes and truck loads of possible smuggled tobacco products, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said Wednesday, Feb. 24, that the Customs bureau took control of a ship...
Finance Secretary Carlos G. Dominguez III has directed the Bureau of Customs to keep a tighter watch over the possible misdeclaration or misclassification of pork shipments entering the country amid tightness in the supply of pork. In a statement, Dominguez warned that importers may attempt to...
Finance Secretary Carlos G. Dominguez III has commended the Bureau of Customs for its better-than-expected revenues last year while ensuring the free flow of goods and redoubling its campaign against smuggling. During the Customs anniversary celebration last Tuesday, Dominguez said the...
The Bureau of Customs’ frontline transactions are now fully automated, the Department of Finance (DOF) said. In a statement, the DOF said that Customs secured a 100-percent accomplishment rate in 2020 on its target to modernize the agency’s frontline services despite the operational challenges...
Government revenues from the private traders’ rice importations rose last year due to higher tariff rates and volume, data from the Department of Finance (DOF) showed. Based on the Bureau of Customs report submitted to the DOF, the country’s total rice imports reached 2.38 million metric tons...
The government’s two main tax agencies have surpassed their respective collection goals last year, which the economic managers lowered in the wake of the coronavirus-induced economic crisis. Preliminary data from the Department of Finance (DOF) showed that the Bureau of Internal Revenue...
The Duterte administration’s budget deficit breached the P1 trillion mark in November due to higher spending and lower revenues amid the coronavirus-induced economic recession, data from the Bureau of the Treasury revealed. The national government incurred a P1.069 trillion fiscal gap in January...
The government seized an estimated P9.52 billion-worth of smuggled goods since January this year, more than half of which came from illicit cigarettes, the Bureau of Customs said. In a report submitted to Finance Secretary Carlos G. Dominguez III, Deputy Customs Commissioner...
The Bureau of Customs wants to collect several tax deficiencies uncovered in a post-clearance audit of cooperatives that imported rice since last year, the Department of Finance (DOF) said. In a statement, the DOF quoted Customs Commissioner Rey Leonardo Guerrero as saying that a post-clearance...
