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Results for "Department of Finance (DOF)"

3 stories found

PH may lose P136-B in 2026 if excise tax suspended starting May
Financeinquirer1mo ago

PH may lose P136-B in 2026 if excise tax suspended starting May

MANILA, Philippines — The country could see a P136 billion decline in revenues in 2026 if the excise tax on petroleum products is removed, the Department of Finance (DOF) said at a House of Representatives hearing on Monday. Finance Undersecretary Karlo Fermin Adriano told the House committee on ways and means, which was discussing proposals to

BOC pursues charges vs staff over illegal agri importation
Politicsinquirer1mo ago

BOC pursues charges vs staff over illegal agri importation

MANILA, Philippines — The Bureau of Customs (BOC) is pursuing charges against some of its own personnel over their alleged involvement in the illegal importation of agricultural products, the agency said on Wednesday. According to the BOC, the six cases it recently endorsed to the Department of Finance (DOF) against three consignees include BOC personnel