The Bureau of Customs (BOC) seized ten 40-foot container vans, nine of which were filled with oranges and one with apples that were illegally imported from South Africa as the agency continues to intensify its drive against the entry of shipments that may pose risks to public health and the local agriculture industry.
The Standard Chartered (SC) Report cited the lowering of the inflation target to 2-4% inflation rate in 2015 as a constraint on Philippine growth. Lower inflation will entail BSP’s tightening liquidity and raising interest rates thus, dampening investment.
The Bureau of Customs (BOC) is now on its second phase of the process to hire over a thousand new employees needed to fill up the lack of manpower in the bureau.
Collections made by the Bureau of Internal Revenue (BIR) exceeds goals set by the Bureau for the month of July 2014. Collections from tax revenues, BIR operations, and other operations exceeded the amount collected in July 2013.
In a Resolution issued on August 4, 2014, the Second Division of the Supreme Court issued a temporary restraining order enjoining the Regional Trial Court of Makati City (RTC), Branch 132 from implementing the RTC’s Writ of Preliminary Injunction prohibiting the implementation of the Interim Rules and Guidelines created by the Toll Regulatory Board (TRB) and the Commission on Audit (COA).
The Bureau of Internal Revenue (BIR) is reminding the business, banking and financial sectors that only bank deposits and government securities are subject to the provisions of the bank secrecy law.
Commissioner Sevilla: “Such systemic reforms take time, but we are laying the foundations for such reforms now. We take our negative perception as a challenge, and commit to the public that we will work hard to improve as fast as we can.”
From the Bureau of Customs Airport Customs foiled the smuggling of over 400 pieces of Casio G-Shock watches concealed in balikbayan boxes which arrived at the Ninoy Aquino International Airport (NAIA). Various G-Shock watches of commercial quantity totaling 413 pieces with an approximate street value of P4 million were concealed inside six balikbayan boxes that arrived […]
The Bureau of Customs (BOC) welcomes the issuance of a Temporary Restraining Order (TRO) by the Supreme Court that stops the enforcement of a ruling handed down by Branch 16 of the Regional Trial Court in Davao City.
The Bureau of Internal Revenue (BIR) is reminding once again all importers and customs brokers that July 31, 2014, is the deadline for them to comply with accreditation requirements of the tax agency.