Voluntary Disclosure/Payment of Additional Customs Duties

AS previously written, more than 100 companies to date have been issued…

Foreign Currency Risks in International Trade

FOR importers and exporters, the foreign currency risk involved in trading goods…

Latest Developments in ASEAN

AS a result of the failure of WTO members countries to enter…

Misconceptions about RA 9280 (2)

THERE seems to be only two positions on RA 9280 – those…

High Expectations for the New Customs Commissioner

THE recent appointment of a new economic team by the President has…

The Global Counterfeit Business

IN the Philippines, the sale and distribution of pirated and counterfeit goods…

Wanted: Customs Compliance Managers

THE adoption of the WTO Agreement on Customs Valuation (ACV) in January…

CAO 4: New Rules on Customs Valuation, Audit and Record Keeping

As we have mentioned time and again, the rules at the customs…

BIR Audit of VAT on Importations

SINCE the middle of last year, the Bureau of Internal Revenue (BIR)…

ISPM 15: New Import/Export Rules for Wood Packing

In addition to security measures being required in international trade, a new…