Published January 21, 2021, 5:00 AM
The Department of Finance (DOF) is set to enter into negotiations with the United States Trade and Development Agency (USTDA) for a possible grant for the Bureau of Internal Revenue’s (BIR) digital transformation program.
In a statement, the DOF said President Rodrigo R. Duterte has authorized the department to talk with the USTDA for a possible $809,450, or about P39-million, grant for the Philippines’ main tax agency.
A Special Authority was given by the President designating and authorizing Finance Undersecretary Antonette Tionko and Finance Undersecretary Mark Dennis Joven along with BIR Deputy Commissioner Lanee David “to negotiate” with the USTDA on behalf of the Philippines.
Published December 11, 2020, 2:53 PM
The Bureau of Customs wants to collect several tax deficiencies uncovered in a post-clearance audit of cooperatives that imported rice since last year, the Department of Finance (DOF) said.
In a statement, the DOF quoted Customs Commissioner Rey Leonardo Guerrero as saying that a post-clearance audit done on rice imports for 2019 showed 48 cooperatives with tax deficiencies totaling P1.4 billion.
These 48 cooperatives came from an initial batch of top 60 importers out of the list of over 320 cooperatives that imported rice last year, Guerrero said in his report to Finance Secretary G. Carlos Dominguez III.
“They have been issued audit notices and subsequent demand letters for the payment of additional duties and taxes as a result of the under declarations (of their imports),” Guerrero said.