BIR, BOC collection up in June, but below targets
Revenue collection by the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) improved in June but their six-month take was still lower year-on-year and below target due largely…
End-May BIR, BOC tax take dropped 24.8% to P874.9 billion – DOF
MANILA, Philippines — No thanks to a COVID-19-induced recession, tax collections dropped by almost a fourth year-on-year to P874.9 billion as of end-May, the Department of Finance (DOF) said Friday.…
BOC: 7.55B liters of oil products marked as of mid-May
Nearly half-a-billion liters of oil products was added to the volume of oil products marked as tax-paid in the first half of May as the government collected higher levy on…
BOC, heeding Duterte, adds 10 percent tax on oil imports to raise COVID-19 funds
The Bureau of Customs (BOC) will start collecting an additional 10 percent duty on oil imports, an essential product, following President Rodrigo Duterte’s directive to raise more funds for COVID-19…