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(Eagle News)–The Bureau of Customs has collected over P97 billion worth of duties and taxes from the government’s Fuel Marking Program. In a statement, the BOC said the P97.191 billion worth of duties and taxes from the importation of gasoline, diesel, and kerosene is proof of the BOC’s “continued commitment to protect the borders and collect lawful revenues for the government.” The Fuel Marking Program which was launched in September 2019 to curb illicit trade […]
(Eagle News) — Makatitiyak na ang publiko na de-kalidad ang mga binibiling fuel sa ilalim ng fuel marking program ng gobyerno. Ito ang isa sa mandatong nakasaad sa Tax Reform for Acceleration and Inclusion (TRAIN) law kung saan required na lagyan ng fuel marking ang lahat ng refined, manufactured o mga imported petroleum products sa bansa. Kabilang sa mga ito ang gasolina, denatured alcohol na ginagamit sa motive power, kerosene at diesel. Ayon kay Finance […]
(Eagle News) — The Philippine government has already drafted the implementing rules and regulations (IRR) for the fuel marking program which is set for implementation next year to suppress oil smuggling in the country. The Bureau of Customs, together with the Bureau of Internal Revenue (BIR), will lead the fuel marking program’s implementation. The BIR has said that it had already drafted the IRR for the program. The masterplan, on the other hand, will be […]
