Thousands of brokers, importers risk losing BOC accreditation


Posted at Jul 24 2014 11:19 AM | Updated as of Jul 24 2014 07:19 PM

MANILA, Philippines – With only a week left before the deadline, thousands of importers and brokers have yet to apply for a clearance certificate from the Bureau of Internal Revenue (BIR).

The clearance certificate is required for all importers and brokers to secure before they can apply for Bureau of Customs (BOC) accreditation.

Click image to enlarge
Click image to enlarge

In its latest Tax Watch ad, the Department of Finance (DOF) said that of the 14,995 registered importers and brokers, only 11,511 have applied for a BIR clearance as of July.

DOF also said only 5,575 importers and brokers have applied for the renewal of BOC accreditation.

The deadline for the applications is on July 31.

The DOF warns that there will be no extension, noting that no accreditation means “no importation.”

“The privilege of importation should only be availed by legitimate trades and brokers. A progressive Philippine economy needs a comprehensive database for faster transactions and efficient government services. Good governance requires a higher degree of transparency,” it said.

If all importers and brokers were to meet the deadline, the BIR should expect to receive a daily average of 436 applications while the BOC should expect a daily average of 1,178 applications in the next 5 working days.

From July 1 to 18, the BIR received an average of 145 applications while the BOC received an average of 173 applications.

The DOF earlier said the new directive is applicable only to those importers and brokers who got accredited without obtaining the BIR clearance.