Author: mtanael
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The 15th Philippine Tax Summit
Atty. Ver Angelo Sumabat, a senior partner of Worldtrade Consultants Inc., discussed corporate income tax during the first day of the 15th Philippine Tax Summit at SMX Convention Center, SM Aura on September 25-26.
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BOC reissues order to form unit on tariff reduction availment under FTA
By Portcalls Asia The Bureau of Customs (BOC) reiterated its directive to officials to establish, activate, or reconstitute a preferential rate unit (PRU) in their ports to prevent unqualified shipments from availing of tariff preferences under the Philippines’ free trade agreements (FTAs). BOC’s Assessment and Operations Coordinating Group (AOCG) deputy commissioner Edward James Dy Buco,…
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Reactivation of Post Clearance Audit Group (PCAG)
In October 2017, President Rodrigo Duterte issued Executive Order (EO) No. 46 reviving the Bureau of Customs Post Clearance Audit Group (BOC-PCAG). In 2013, the audit function of the BOC was transferred to the Fiscal Intelligence Unit (FIU) of the Department of Finance pursuant to EO No. 155 series of 2013. Republic Act (RA) No.…
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The Trade Compliance Profession: The Need for Trade Compliance
By Atty. Agaton Uvero Except for a brief stint in government, I have been in the trade compliance profession for more than 15 years. In all those years, I get the same question over and over again—what do you do exactly; and when I attempt to explain, I find it very difficult to expound on…
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Visayas-Mindanao Shipping Conference 2018
Photo by PortCalls Asia. The Visayas Shipping Conference 2018 held at Waterfront Airport Hotel and Casino in Mactan, Cebu and the 3rd Mindanao Shipping Conference 2018 held at Waterfront Insular Hotel in Davao on August 2 and 3, respectively, were jointly organized by PortCalls and Asia Customs & Trade. The conferences tackled trade prospects and…
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BOC seeks forfeiture of P584M Skyjet aircraft over unpaid duties
By PortCalls Asia The Bureau of Customs (BOC) has announced its decision to forfeit in favor of the Philippine government a P583.58-million aircraft of Skyjet after the leisure airline failed to pay import duties and taxes on the aircraft. This is despite a motion for reconsideration filed by Skyjet operator Magnum Air, Inc. with the…
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Understanding International Trade, Tariff and Customs
By Agaton Teodoro Uvero To get a copy, email info@customstrade.asia, info@portcalls.com, or call (632) 551-1775, 551-3871, 552-7072
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Seminar on Customs and Tax Issues for PEZA Companies
Asia Customs & Trade and PortCalls Asia organized the Customs and Tax Issues for PEZA Companies Seminar on April 20 at Acacia Hotel, with Attys Ags Uvero, Lea Roque and Emer Aceron as guest speakers, and Dexter Pedereza as moderator. All photos from PortCalls Asia Facebook page