EDC lauds the Department of Finance (DOF) and Bureau of Internal Revenue (BIR) on deferring the implementation of Revenue Regulation (RR) no. 9-2021, which levies 12% VAT on indirect exports pending issuance of an amendatory regulation. BIR will provide the transition process for those who already paid the 12% VAT while the RR was in effect from June 27 to July 21, 2021.
DOF and BIR granted the petition of the grappling MSMEs passionately echoed by Albay Rep. Joey Salceda during the Committee Briefing on Ways and Means on July 21, 2021. The solon added that we are not yet over the pandemic hence suggested it is best deferred as a way of support to the sector.
Continue reading EDC lauds DOF and BIR deferment of 12% VAT on indirect exports
The Export Development Council’s (EDC) Networking Committee on Transport and Logistics (NCTL) and the Supply Chain Management Association of the Philippines (SCMAP) recommended the postponement of the proposed rate increases of the Manila North Harbour Port, Inc. (MNHPI).
The Anti-Red Tape Authority (ARTA) virtually launched the Reengineering Manual towards Efficient Philippine government services. A reference that supports the whole-of-government approach in streamlining Philippine government systems and procedures in delivering public services. This initiative is the result of a Memorandum of Understanding between the UK Government and ARTA signed last 4 February 2020.
The Anti-Red Tape Authority (ARTA) set another milestone as it virtually launches via zoom the Philippine Good Regulatory Principles (PGRP) Manual on 01 July 2021 as a commitment to implement regulations based on the right principles of regulatory management.
Shippers are now responsible for obtaining and documenting the Verified Gross Mass (VGM) of their containers, as ordered by the Philippine Ports Authority (PPA) in AO No. 02-2021.
The Land Bank of the Philippines is the country’s premier government financial institution which provides services that help promote countryside development while remaining financially viable. One of its major services is to provide credit assistance to small farmers and fisherfolk.
The Bureau of Customs (BOC) extends the use of existing prepaid accounts until 15 June 2021. Said account is used in paying duties, taxes, and other charges for all goods declaration lodged through the Electronic to Mobile (E2M) system. Accountholders are still allowed to deposit and consume balance in existing prepaid accounts within the said period.
Dr. Enrico Basilio, Chairman of the Export Development Council’s Networking Committee on Transport and Logistics (EDC-NCTL), called for support for bareboat chartering by the Filipino Shipowners Association (FSA) to address the issue of lack of vessel spaces.