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Customs take up but still short of target

Reforms at the Bureau of Customs (BOC) continued to pay off as revenues for May rose by over a tenth, despite a drop in the value of goods imported by the country.

Posted: June 20th, 2014 in Headlines | Read More »

CA dismisses Shell’s libel complaint vs Customs collector over firm’s taxes

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SHELL BULLISH  Royal Dutch Shell, through its upstream unit Shell Philippines Exploration BV, is poised to invest another $1 billion to increase the production of the Malampaya deepwater gas-to-power project off Palawan. Shell Philippines vice president for communication Roberto S. Kanapi said there are opportunities for investment and expansion, unlike in the past when the Philippines was placed on low priority.

The Court of Appeals has dismissed the petition filed by the Pilipinas Shell Petroleum Corp. that sought to prosecute for libel a Bureau of Customs port collector who said the oil firm owed the government P7.34 billion in back taxes.

Posted: October 20th, 2013 in Latest Business Stories | Read More »

Chinese-Filipino traders may stop school program after tax evasion allegations

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filipino-chinese-chamber

Chinese-Filipino businessmen are still smarting from President Aquino’s allegations that some of its members have been evading taxes.

Posted: May 2nd, 2013 in Latest Business Stories | Read More »

Chinese-Filipino traders vow to back Aquino’s tax effort

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SUPPORT FOR TAX DRIVE. President Benigno S. Aquino III witnesses the presentation of Plaque of Recognition to outgoing FFCCCII president Tan Ching presented by FFCCCII chairman emeritus Dr. Lucio Tan during the opening ceremony of the 29th biennial convention of the FFCCCII at the SMX Convention Center, SM Mall of Asia Complex in Pasay City on Friday. The organization pledged to support the government’s tax campaign. CONTRIBUTED PHOTO/MALACAÑANG PHOTO BUREAU

The head of the 207-member Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) has vowed to strongly support not only the government’s tax collection campaign but also President Aquino’s “Daang Matuwid” crusade.

Posted: March 25th, 2013 in Latest Business Stories | Read More »

BIR misses January target by 6%

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BIR collections for October brought the 10-month tax-take of the BIR to P858.6 billion, short of the P886.5-billion target by 3.15 percent.

The Bureau of Internal Revenue raised P94.74 billion in January, increasing by 11.3 percent from the year-ago collections of P85.15 billion but falling short of the month’s target of P100.93 billion by 6.1 percent.

Posted: February 28th, 2013 in Editor's Pick,Headlines | Read More »

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