Edited at the Office of the President of the Philippines Under Commonwealth Act No. 638
A May 21, 2012 press release from the Department of Finance, Bureau of Treasury: The government data recorded a budget surplus in April due to continued double-digit growth in revenue collections more than enough to support an accelerated spending,. Continue reading
A May 18, 2012 press release from the Department of Finance, Bureau of Customs: Representatives from the Association of Southeast Asian Nations (ASEAN) have picked a new chairman to supervise its forthcoming projects and activities. The Philippines was chosen with the election of Customs Deputy Commissioner Ma. Caridad P. Manarang, as the new ASEAN Single Window (ASW) Steering Committee chair. Continue reading
A May 17, 2012 press release from the Department of Finance, Bureau of Customs: The Bureau of Customs (BOC)-RATS Program in its all-out war on smuggling, has filed a criminal complaint before the Department of Justice (DOJ) against a trader and his broker for the unlawful importation of fireworks worth P40 million. Continue reading
A May 14, 2012 press release from the Department of Finance, Bureau of Internal Revenue: For the month of April 2012, the BIR collected P116.22 billion in tax revenues, P12.83 billion or 12.41 percent more than the collection made in April of 2011. Continue reading
A May 10, 2012 press release from the Department of Finance, Bureau of Customs: Herminio Castillejos Lindo, a Customs Special Agent, is facing possible preventive suspension due to serious violations pertaining to his sworn Statement of Assets, Liabilities, and Networth (SALN). Continue reading
A May 10, 2012 press release from the Department of Finance, Bureau of Finance: Focusing on its all-out war against smuggling, the (Bureau of Customs) has seized seven forty-footer container vans ferrying illegally imported onions worth P9.8M. Continue reading
A May 10, 2012 press release from the Department of Finance, Bureau of Internal Revenue: The BIR today filed a criminal complaint with the Department of Justice (DOJ) against Oscar Repuyan Badillo for a count each of willful attempt to evade or defeat tax and willful failure to file an annual Income Tax Return (ITR). He was also charged with three counts of willful failure to file Quarterly ITRs for taxable year 2009, in violation of Sections 254 and 255 of the National Internal Revenue Code of 1997, as amended (Tax Code). Continue reading
We congratulate the House Ways and Means Committee, led by Chairman Isidro Ungab, in passing the amended version of House Bill 5727 which outlines the much-needed reform in the excise tax regime of the tobacco and alcohol industry. Continue reading
Manila 2012 has put the Philippines back on the radar screen of the international community. To all our guests, it has been a pleasure for the Philippines to serve as your second home for these past few days. We hope this will not be the last time and I encourage you to see more of the Philippines and experience the warmth, hospitality, creativity and efficiency of the Filipino people in our 7,107 islands. Continue reading
A May 3, 2012 press release from the Department of Finance, Bureau of Customs: Five officials of a Manila-based trading company and a customs broker were formally charged today at the Department of Justice (DOJ) by officials of the Bureau of Customs (BOC) led by Customs Commissioner Ruffy Biazon for violations on certain provisions of the Tariffs and Customs Code of the Philippines (TCCP), Section 166 of Republic Act 8293 (Intellectual Property Code), Section 4, Republic Act 8203 (Special Law on Counterfeit Drugs) and Article 172 of the Revised Penal Code. Continue reading