BOC Establishes Bonded Facility for Jet A-1 Fuel Imports, Offering Tax Incentives
The Bureau of Customs (BOC) has set up a bonded facility for imported Jet A-1 fuel for international flights. This move, under the CREATE MORE Act, allows eligible carriers and fuel suppliers to benefit from tax incentives.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- House Prosecutors Eye Referral of VP Sara's Tax Cases to BIR
Philippine House prosecutors are planning to refer tax documents of Vice President Sara Duterte and companies linked to her husband to the Bureau of Internal Revenue (BIR) for potential tax evasion charges, citing a suspected P111.8 million gap in declared income.
- Senate majority bloc backs budget purge
The Senate majority bloc in the Philippines has backed a planned purge of "corruption-prone" insertions in the House-approved 2027 national budget bill, with Sen. Panfilo Lacson assuring no one would be spared.
- Pork Tariff Hike May Stoke Inflation, British Chamber Warns
The British Chamber of Commerce Philippines has warned that proposed increases in pork import tariffs could exacerbate inflation. While intended to protect local hog raisers, the move is raising concerns about rising consumer prices.
- Philippine Exports Hit Record High; DTI Vows Continued Support
Philippine exports reached a record high in September, prompting the Department of Trade and Industry (DTI) to pledge continued support for businesses to sustain global market momentum. Electronic products led the export surge.