Rise in imports increases BOC-Dumaguete's tax collections

By Mary Judaline Partlow

October 4, 2018, 9:01 pm

 

DUMAGUETE CITY – The Bureau of Customs (BOC) Sub-port Office here has attributed its positive accomplishments in revenue collection to increased importation of petroleum and other products.

“Filoil has increased the volume of their imports so meaning, there is also an increase in the duties and taxes,” Dumaguete Customs Collector Fe Lluelyn Toring said on Wednesday afternoon.

“Also, because of the TRAIN (Tax Reform for Acceleration and Inclusion) Law, there were products in the past that were subject to VAT (Value Added Tax) but now they are paying for the excise tax,” she said.

Filoil Energy Co., Inc., the biggest importer and revenue collections contributor in Negros Oriental, is being charged with excise tax for its importation shipments starting January, according to Toring.

An excise tax of PHP 1.50/liter of gas is being charged plus the VAT of 12 percent, she said.

“In one importation of Filoil, they usually pay over PHP200 million in taxes,” she noted.

Toring, however, said she could not yet give estimates on the increase in the volume of Filoil’s importation because the year is not yet over.

The oil company has an average of one shipment per month, she said.

Toring also credited Dumaguete Coconut Oil (DUCOM) for the increase in importation of palm olein from once a month to sometimes three times a month, although the company is not paying excise tax.

Another key importer here, Pryce Gas, Inc., also increased its volume of importation and is paying excise tax of PHP 1.50/liter of liquefied petroleum gas or LPG, she added. (PNA)

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