Cluster & Agencies

As Mandated:

1. Assessment and collection of all national internal revenue taxes, fees and charges.
2. Enforcement of all forfeitures, penalties, fines and execution of judgments in all cases decided in its favor by the Court of Tax Appeals and the ordinary courts
3. Administer supervisory and police powers conferred by National Internal Revenue Code as amended by R.A. 8424 or other laws.

As provided under Section 202 of the CMTA, the BOC is mandated to:

1. Assess and collect customs revenues from imported goods
2. Simplify and harmonize customs procedures
3. Exercise border control to prevent entry of smuggled goods
4. Prevent and suppress smuggling and other customs fraud
5. Facilitate and secure international trade
6. Supervise and control the entrance and clearance of vessels and aircraft engaged in foreign commerce
7. Supervise and control the handling of foreign mails arriving in the Philippines
8. Supervise and control import and export cargoes
9. Conduct a compensation study to develop a competitive compensation and remuneration system in the Bureau
10. Exercise exclusive original jurisdiction over forfeiture cases
11. Enforce the CMTA and all other laws, rules and regulations related to customs administration

As mandated by Section 602 of the TCCP; Assess and collect lawful revenues:

1. Assist in formulation of policies on borrowing, investment and capital market development;
2. Formulate adequate operational guidelines for fiscal and financial policies;
3. Assist in preparation by government agencies concerned of an annual program, for revenue and expenditure targets, borrowing levels and cash balances of National Government (NG);
4. Maintain books of accounts of the NG cash transactions;
5. Manage cash resources of NG, collect advances made, and guarantee and forward cover fees due NG;
6. Control and service NG public debt, both foreign and domestic;
7. Issue, service, redeem government securities for account of NG as may be authorized by the President pursuant to law.

Department of Finances (DOF) directly responsible over the fiscal and financial affairs of local government. Under a decentralized regime, BLGF provides a catalytic role in effective and sustainable management of fiscal and financial resources of LGUs, transforming them into self-reliant communities. It is vigilant and dedicated to pursuit of development and professionalization of its employees including those of the local treasury and assessment services.

Mandate:

1. Section 43 of Executive Order No. 127, as amended, other pertinent provisions of Local Government Code of 1991, BLGF shall: Assist in formulation and implementation of policies on local government revenue administration and fund management;
2. Assist LGU in development and implementation of Real Property Tax Administration (RPTA) projects;

Mandate:

1. To promote growth and financial stability of insurance companies.
2. To professionalize insurance services and develop insurance consciousness among the general populace
3. To establish a sound national insurance market, and
4. To safeguard the rights and interest of the insuring people.

Mandate:

1. To promote a tax system that will ensure a fair distribution of the tax burden among the Filipino taxpayers.
2. To recommend necessary improvements in the tax system by conducting continuing quality research on taxation.
3. To provide responsive staff support to fiscal policy makers.
4. To provide opportunities for professional growth and promote the well-being of our personnel.

Mandate:

1. To warrant observance of the due process of law clause mandated by the Constitution in the assessment and collection of real property taxes by the government,
2. To ensure that the taxpayers are given the opportunity to be heard.

INSURER, provides adequate depositor protection and education and ensure immediate processing and settlement of depositor claims; As REGULATOR, conducts diligent monitoring and examination of member banks and implement prompt, decisive and prudent interventions; As RECEIVER, implements efficient receivership, judicious rehabilitation, and expeditious liquidation of closed banks.

Mission:

To stimulate, increase and develop the export of goods and services, and to facilitate investment in strategic sectors for the country’s development by extending guarantees, insurance, credit and related technical assistance services to viable enterprises

The Philippine Government is committed to a free market economy. There is, however, significant direct government involvement in the country’s economic activity through both economic planning and the state-ownership of numerous corporations involved in certain strategic sectors, such as banking, power-generation, oil production and transportation.

The Securities and Exchange Commission (SEC) or the Commission is the national government regulatory agency charged with supervision over the corporate sector, the capital market participants, the securities and investment instruments market, and the investing public. Created on October 26, 1936 by Commonwealth Act (CA) 83 also known as The Securities Act, the Commission was tasked to regulate the sale and registration of securities, exchanges, brokers, dealers and salesmen.