Summary
RMC No. 37-2013 publishes the full text of Department of Finance Department Order No. 17-2013 on priority measures for the Bureau of Customs (BOC) to implement.
Key points
- Main measures. The BOC is to work immediately on Port Accreditation, Submission of a Rolling Import Plan and Trade Statistics Reconciliation.
- Oil imports. The BOC is to strictly implement Revenue Regulation No. 2-2012, which requires importers to pay Value-Added Tax and Excise Tax on all oil imports upon arrival in the Philippines.
- Importer accreditation and audits. An Income Tax return as received by the BIR becomes a requirement for accrediting importers with the BOC. The BOC also conducts post-audit examinations on importations of sensitive commodities.
- Information sharing and systems. The BOC works closely with the BIR and the local government unit on importers of sensitive commodities, subject to existing laws on exchange of information. It also improves reporting forms and administrative support to its Statistics Office and Management Information System and Technology Group.
- Monitoring of cases. Cases filed against oil smugglers are regularly monitored.
Who is affected
- Bureau of Customs
- Importers
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.