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Portcalls Asia //  August 13, 2017

The Philippine Ports Authority (PPA) is proposing a simple and standard formula for computing port and cargo-handling rates in a bid to ease and reduce the cost of doing business on the waterfront. The new formula proposed seeks to comply with the standing directive from the Office of the President and Department of Transportation “to look into the ease of doing business” Read more.

Portcalls Asia //  July 17, 2017

Much has transpired a year since Philippine Customs Commissioner Nicanor Faeldon assumed the leadership of the Bureau of Customs (BOC) in July 2016. He came into office after the Customs Modernization and Tariff Act (CMTA) – the law that overhauls the Philippine customs and tariff system and which aligns Philippine customs practices with international regulations – was signed. Read more.

Portcalls Asia by Liza Amonte //  July 16, 2017

Trucking organizations are seeking a dialogue with government to discuss a new order by the Philippine Department of Transportation (DOTr) that effectively imposes a 15-year age limit on trucks-for-hire, saying no consultation was held for the order that stands to impact truckers’ operation greatly. Read more.

Department of Energy (DOE) Press Release //  July 12, 2017

(Pasay City). Energy Secretary Alfonso Cusi led today the launch of the government’s “E-Power Mo!” campaign designed to empower consumers by providing them information and options on the intelligent utilization of energy resources. The “E-Power Mo!” campaign brought together the Department of Energy (DOE), the Presidential Communications Operations Office, the Philippine Information Agency and the USAID B-Leaders at the Philippine International Convention Center. Read more.

Business Mirror by Isabella Rafols Romarate //  July 12, 2017

PTT Philippines Corp. will host a Run for Clean Energy fun run located at the grounds of the Cultural Center of the Philippines, Pasay City, on Sunday.The first-ever fun run, organized by the subsidiary of Thailand’s energy firm, aims to promote clean environment, development of technology and lesser fuel use, according to Vittaya Viboonterawud, PTT Philippines director for commercial fuel and lubricants. Read more.

News Archive

Portcalls Asia by Liza Amonte //  July 04, 2017

Aside from implementing the Customs Modernization and Tariff Act (CMTA), there are three other elements needed to achieve genuine customs reform, according to a former Philippine Bureau of Customs (BOC) official. These are automation, tax reform, and a shift in mindset, said customs expert Atty. Agaton Uvero in a recent presentation at the United Portusers Logistic Summit. Read more.

Bureau of Customs (BOC) Press Release //  July 03, 2017

Customs Commissioner Nicanor Faeldon on Friday, June 30, issued a memorandum providing the guidelines for the temporary lifting of suspension, cancellation, and revocation of the customs accreditation privileges of importers with seized and/or forfeited shipments. Read more.

Portcalls Asia by Liza Amonte //  July 02, 2017

The Philippine Customs order providing guidelines for granting rewards to informants who provide smuggling leads is now up for public review. Under Section 1512 of the Customs Modernization and Tariff Act (CMTA), the proposed customs administrative order (CAO) is “a cash reward equivalent to 20% of the actual proceeds from the sale of smuggled goods and confiscated goods or actual…  Read more.

Department of Finance (DOF) Press Release //  June 27, 2017

More government executives have come out to support the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) now pending in the Senate, calling it a “win-win proposition” that would reform the country’s “outdated” tax system and at the same help raise funds for the government’s unmatched infrastructure, health and education, and social protection programs. Read more.

Portcalls Asia //  June 20, 2017

The Philippine Bureau of Internal Revenue (BIR) has issued a new schedule for receiving applications for and releasing the importer’s clearance certificate (ICC) and customs broker’s clearance certificate (BCC) as well as the tax clearance certificate (TCC).  Read more.

Department of Finance (DOF) Press Release //  June 19, 2017

The country’s association of local government accountants and an umbrella group of over 400 public sector labor unions have joined the growing number of organizations that have expressed their full support for the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN), which, they said, will put more money in people’s pockets while significantly improving revenue collections and shifting the tax burden from the poor to the rich. Read more.

Department of Finance (DOF) Press Release //  June 18, 2017

The Department of Finance (DOF) will conduct a forum next month to heighten public awareness of, and support for, the Duterte administration’s proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) that aims to benefit 99 percent of Filipino taxpayers and help sustain the government’s accelerated spending on infrastructure, education, health and social protection programs. Read more.

Portcalls Asia //  June 13, 2017

The draft order that will implement provisions under the Philippine Customs Modernization and Tariff Act (CMTA) pertaining to security needed to guarantee payment of duties and taxes and other obligations has been released. Read more.

Department of Finance (DOF) Press Release //  June 12, 2017

The effects of the revenue-enhancing provisions of the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) will be “muted” for ordinary Filipinos and will even provide for a family of four earning P25,000 a month an annual windfall of more than P15,000, the Department of Finance (DOF) said. Read more.

Department of Finance (DOF) Press Release //  June 12, 2017

Two pro-health organizations have expressed their support for the proposed Tax Reform Acceleration and Inclusion Act (TRAIN), particularly the bill’s provisions on fuel tax adjustments that they said would help curb the worsening air pollution responsible for lung cancer and other deadly respiratory ailments. Read more.

Portcalls Asia //  June 8, 2017

The Philippine Bureau of Customs (BOC) has issued new rules on nepotism that prohibit the appointment within the same agency of relatives to within the third degree of consanguinity or affinity. Prohibited under Customs Administrative Order (CAO) No. 04-2017 are all appointments that favor a relative of the appointing or recommending authority, or the chief of the bureau or office, or persons exercising immediate supervision over applicant. Read more.

Department of Energy (DOF) Press Release //  June 7, 2017

Apart from being “meritorious” on its own as a tool for overhauling the country’s “outdated” tax system, the Comprehensive Agrarian Reform Program (CTRP) being proposed by the Department of Finance (DOF) is a crucial funding component of the Duterte administration’s bold “Build, Build, Build” program, which will usher in the “Golden Age of Infrastructure,” according to Budget Secretary Benjamin Diokno. Read more.

Department of Energy (DOF) Press Release //  June 6, 2017

Alongside its major role in improving revenue collection to backstop the Duterte administration’s high–and inclusive–growth agenda, the Bureau of Customs (BOC) also needs to fully modernize its systems and processes to better facilitate trade, fight smuggling and bar the entry of illegal drugs and terrorists from the country’s borders, according to Finance Secretary Carlos Dominguez III. Read more.

Department of Energy (DOF) Press Release //  June 4, 2017

A recognized global expert on energy security has lauded the government’s plan to introduce a fuel marking and monitoring system in the local downstream oil industry as a way to curb fuel smuggling that has been costing the government an estimated P26.9 billion to P43.8 billion in foregone revenues each year. Read more.

Department of Energy (DOF) Press Release //  June 1, 2017

The Department of Finance (DOF) thanked the House of Representatives for approving on third and final reading the proposed Tax Reform and Acceleration and Inclusion Act (TRAIN) and expressed optimism that, with President Duterte declaring it as an urgent measure crucial to his administration’s massive expenditure program, the Senate would similarly pass the measure soon enough when the 17th Congress reopens for its Second Regular Session in July. Read more.

Department of Energy (DOF) Press Release //  May 30, 2017

(Taguig City). Under RA 10623, only the petroleum product, kerosene, is affected by the price freeze being implemented in Mindanao. The price freeze for kerosene will be effective until 7 June 2017, or 15 days from the declaration of martial law. Read more.

Department of Finance (DOF) Press Release //  May 30, 2017

A leader from the business process outsourcing (BPO) sector has sought speedy congressional approval of the first package of Comprehensive Tax Reform Program (CTRP), which he described as a “win-win” for both labor and management as it will raise the take-home pay of workers and enhance the workplace environment leading to higher productivity. Read more.

Department of Finance (DOF) Press Release //  May 29, 2017

Following a request from the Department of Finance (DOF), President Duterte certified on Monday as an urgent measure for congressional approval the eight-month-old Tax Reform for Acceleration and Inclusion Act (TRAIN), which is crucial to the financial sustainability of the government’s ambitious agenda to sustain the country’s growth momentum and accelerate poverty reduction via a massive spending on infrastructure, human capital and social protection for the poor and vulnerable sectors. Read more.

Portcalls Asia by Liza Almonte //  May 28, 2017

The Philippine Department of Finance (DOF) and the Bureau of Customs (BOC) have issued a draft order outlining guidelines for marking goods of foreign origin or their containers. The draft customs administrative order (CAO) implements Section 710 and other relevant provisions of Republic Act No. 10863, otherwise known as the Customs Modernization and Tariff Act (CMTA). Read more.

Department of Finance (DOF) Press Release //  May 28, 2017

The mandatory fuel marking system under the proposed Comprehensive Tax Reform Program (CTRP) is designed to curb the smuggling and misdeclaration of petroleum products that is costing the government an estimated P26.9 billion to P43.8 billion in foregone revenues each year, according to Department of Finance (DOF) Undersecretary Karl Kendrick Chua. Read more.

Department of Finance (DOF) Press Release //  May 24, 2017

Some 160 netizens have gone online to express their support for the speedy congressional approval of the proposed Tax Reform for Acceleration and Inclusion (TRAIN) bill that aims to lower personal income tax (PIT) rates and institute other reforms in the current tax system to make it fairer, simpler and more efficient. Read more.

Department of Finance (DOF) Press Release //  May 23, 2017

The Social Security Commission (SSC) has given its full backing to the Comprehensive Tax Reform Program (CTRP) package that the Department of Finance (DOF) wants the Congress to approve to make the country’s taxation simpler, fairer and more efficient, especially for the poor and middle-income Filipinos. Read more.

Department of Finance (DOF) Press Release //  May 22, 2017

Officials of the Departments of Health (DOH), of Education (DepEd), and of Budget and Management (DBM) have appealed to legislators to swiftly approve the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that they described as a “win-win” and “pro-poor” measure aimed at dramatically increasing spending not only on infrastructure. Read more.

Portcalls Asia by Liza Amonte //  May 21, 2017

A revised draft customs administrative order (CAO) covering the accreditation and regulation of information processors – also known as value-added service providers (VASPS) – has been released by the Philippine Department of Finance and Bureau of Customs (BOC).  Read more.

Department of Finance (DOF) Press Release //  May 21, 2017

The House of Representatives is set to start plenary deliberations on the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that has been co-authored so far by 102 legislators representing various congressional districts and partylist sectors. Read more.

House Press and Public Affairs Bureau //  May 18, 2017

Speaker Pantaleon Alvarez bared today that the Department of Finance agreed to his call for the full implementation of the Lateral Attrition Law to ensure better revenue collection in support of the Comprehensive Tax Reform Package (CTRP) now under deliberation in the House of Representatives. Read more.

Department of Finance (DOF) Press Release //  May 18, 2017

The Philippines’ antiquated tax code, which contains 59 lines of exemptions from the Value-Added Tax and 84 special VAT-related laws, have led to massive revenue leakages costing the government an estimated P90.7 billion each year, according to the Department of Finance (DOF). Read more.

Department of Finance (DOF) Press Release //  May 17, 2017

The Departments of Budget and Management (DBM) and of Finance (DOF) will hold a Luzon-wide dialogue focusing on the social services aspect of the Comprehensive Tax Reform Program (CTRP) tomorrow (May 18) at the Philippine International Convention Center (PICC) in Pasay City. Read more.

Congress Press and Public Affairs Bureau //  May 14, 2017

The House committee on appropriations chaired by Rep. Karlo Alexei B. Nograles (1st District, Davao City) amended and approved this week the funding provisions of the substitute bill on the Tax Reform for Acceleration and Inclusion (TRAIN) measure which specifies the earmarking of the incremental revenues from tax reform proposals. Read more.

Philippine Information Agency //  January 28, 2017

MANILA, Jan. 28 – The proposed adjustments to the oil excise tax under the tax reform bill aim to stop subsidies on the fuel consumption of rich households and channel instead such would-be savings to the government’s unprecedented infrastructure program that would create more jobs, boost productivity and sustain high growth, Department of Finance (DOF) officials said Wednesday. Read more.

Business Mirror by Jovee Marie de la Cruz  //  January 26, 2017

The Tax Management Association of the Philippines (TMAP) has asked the House of Representatives to conduct more studies on the proposal of the Department of Finance (DOF) to impose excise tax on petroleum products. Read more.

Portcalls Asia  //  December 11, 2016

The Philippine Bureau of Customs (BOC) is devising a system to monitor the import value declaration of importers in a move to combat misinvoicing. Customs Commissioner Nicanor Faeldon at a recent forum stated that BOC is working on a value reference information system (VRIS), an electronic platform that sets the value…

Portcalls Asia by Liza Amonte  //  December 9, 2016

Lawyer James Edward Dy Buco has been appointed as the new deputy commissioner for Assessment and Operations Coordinating Group (AOCG) of the Philippine Bureau of Customs. A long-time customs official and former officer-in- charge district collector of Davao Port, Dy Buco took his oath as the new AOCG head on December 8. He is an alumnus of Central Philippines University and finished his Juris Doctor degree at the Ateneo de Manila University Law School. He rendered public service as Provincial Board Member in Antique, and worked with BOC for more than 10 years.

BusinessWorld  //   November 02, 2016

THE proposed excise tax on petroleum and expansion of the value-added tax (VAT) base in the Department of Finance’s (DoF) personal income tax reform package will affect the rich the most, with the poor shielded by subsidies, according to the department’s Chief Economist.

Malaya // October 05, 2016

ISLA LPG Corp. (ILC) which owns Solane has launched an advocacy campaign that highlights the importance of positive Filipino values amid the fast-paced and modern setting today. With the popular expression “Dapat Lang” as the campaign tagline…

BusinessWorld  //   October 03, 2016

IMPORTERS could once more resort to a voluntary disclosure program for errors in their Bureau of Customs (BoC) records, with a draft memorandum order for the implementation of the post-clearance audit provisions of the Customs Modernization and Tariff Act (CMTA) providing for a Prior Disclosure Program (PDP), restoring the bureau’s post-clearance audit functions.

BusinessWorld  //   September 19, 2016

THE COUNTRY’S oil import bill in the first half fell by almost 29% to $3.39 billion as the cost of shipping of crude and petroleum products dropped, allowing oil companies to take in bigger volumes.

Petron Press Release  //  September 01, 2016

Market leader Petron Corporation today launched its partnership with the world’s leading ridesharing application, Uber, to give thousands of Uber Partner-Drivers in Metro Manila special bonus points, discounts and other privileges when using the Uberx Petron Value Card (PVC)

The Standard  //  August 6, 2016

Liquefied petroleum gas is a key component in every kitchen for it is used in cooking food. But as much as it is versatile, it can also be highly dangerous when not stored and handled properly.

BusinessWorld  //  August 5, 2016

GASOLINE and diesel may carry an additional P4 to P6 in excise taxes based on plans being drafted by the government, the Budget Secretary Benjamin E. Diokno said, adding that the measure may raise in at least P60 billion in revenue to help offset losses from income tax cuts.

BusinessWorld  //  July 27, 2016

THE Department of Energy (DoE) is calling for a review on how the previous administration came up with the 70% target reduction in greenhouse gas emissions from a business-as-usual scenario, as talks continue among government agencies to come up…

Petrolplaza.com  //  July 20, 2016

Petron Corporation, the Philippines’s largest oil refining and marketing company, is expanding its “safe journey” program all over the archipelago by adding 300 more police outposts in its service stations, reported Malaya Business Insight.

BusinessWorld  //   July 7, 2016

To keep up with the changes of enhanced international trade and automated import-export procedures, Republic Act (R.A.) No. 10863 or the Customs Modernization and Tariff Act (CMTA) was signed into law on May 30, 2016. It took effect on June 16, 2016.

BusinessWorld  //   July 3, 2016

In last week’s article, we listed down some of the changes introduced under the new Customs Modernization and Tariff Act (CMTA), particularly on the new rules relating to abandonment, period of storage in a Customs Bonded Warehouse, advance…

BusinessWorld  //   June 26, 2016

In last week’s article, we listed down some of the changes introduced under the new Customs Modernization and Tariff Act (CMTA), particularly the rules pertaining to related party transactions as well as the penalties relating to unlawful importation…

PTT Website  //  June 24, 2016

PTT Philippines President and CEO Sukanya Seriyothin shows support to Maapon River Rehabilitation Project during its inauguration today through a bamboo planting activity in Sampaloc, Quezon Province.

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