BOC eyes higher duties, taxes on balikbayan boxes
MANILA, Philippines - The government is losing approximately P600 million in taxes per year due to technical smuggling through balikbayan boxes, a Bureau of Customs (BOC) official said yesterday. BOC deputy commissioner for assessment and operations coordinating group Agaton Teodoro Uvero said balikbayan boxes are used to transport commercial items for businesses, including watches, bags, perfumes and other imported goods. Uvero said they found 11 brand-new LED television sets inside a specia...
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