The Bureau of Customs (BOC) unrelenting campaign to stop smuggling at its ports has again resulted in the seizure of fifteen (15) twenty-footer container vans of Refined Bleached and Deodorized (RBD) Soya Bean oil worth US$399,338.80 or Php17.173M at its current commercial value that were misdeclared as Fraction of Unrefined Soya Bean Oil (F-RU) with a value of only US$166,653.20 or Php7.166M.
Read MoreThe Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against ALVIN V. ESGUERRA (ESGUERRA) for willful attempt to evade or defeat tax and for deliberate failure to supply correct and accurate information in his Income Tax Return (ITR) for taxable years 2010 and 2011, in violation of Sections 254 and 255 of the National Internal Revenue Code of 1997, as amended (Tax Code).
Read More“The outcome of the Greek elections is a welcome development for the world economy. Still however, more is needed to be done to revive the European economy. Structural reforms need to be undertaken and the success of this election marks the first step toward that goal. We are optimistic our European neighbors will do all they can to solve this lingering problem.
Read MoreManila, Philippines- Philippine economic leaders sustained the momentum from President Benigno S. Aquino III’s successful state visit to the US by reaching out to investors and briefing credit rating agencies in its recently concluded non-deal road show.
Read MorePhilippine Finance Secretary Cesar Purisima pays a courtesy call to US Secretary of Treasury Timothy Geithner during a non-deal roadshow in the US that started last week.
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