BOC, heeding Duterte, adds 10 percent tax on oil imports to raise COVID-19 funds

BOC, heeding Duterte, adds 10 percent tax on oil imports to raise COVID-19 funds

The Bureau of Customs (BOC) will start collecting an additional 10 percent duty on oil imports, an essential product, following President Rodrigo Duterte‚Äôs directive to raise more funds for COVID-19 response. Customs Commissioner Rey Leonardo B. Guerrero issued Customs Memorandum Circular (CMC) No. 125-2020 on May 5, telling all deputy commissioners, district and port collectors […]