"Taxwise or Otherwise" discusses the latest developments in tax and business law in the Philippines. It also dissects current issues affecting the business community, including policy development.
Writers are taken from a pool of business and tax consultants of Isla Lipana & Co., the Philippine member firm of PwC global network. Columns regularly appear in the BusinessWorld newspaper.
AROUND this time last year, in a bid to combat smuggling, the Department of Finance (DoF) issued Department Order (DO) No. 12-2014 requiring importers to secure an Importer Clearance Certificate (ICC) from the Bureau of Internal Revenue (BIR) as a pre-requisite for accreditation with the Bureau of Customs (BoC). The DO was later amended by DO No.18-2014 to include custom brokers in its coverage.