Tax notes: Extension of application period for importers, customs brokers with accreditations-A A +A
Monday, May 26, 2014
THE Department of Finance has issued Department Order 033-2014 on May 21, 2014, immediately allowing only those importers and customs brokers with valid and existing accreditation to comply with the requirements in filing the application with the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) until June 30, 2014 or the original expiration of the BOC accreditation, whichever comes earlier, in order to give ample time to comply with the accreditation requirements.
Failure to file the proper application with the BIR and the BOC by the aforementioned date shall result in the automatic cancellation of such accreditation, effective July 1, 2014 or the date of expiration as indicated in the accreditation, whichever comes earlier.
For the applications of importers and customs brokers with valid and existing accreditation from the BOC, the BIR may:
(1) Issue the Importer Clearance Certificate (ICC) or the Broker Clearance Certificate (BCC), which shall be valid for three years; or
(2) Deny the application; or
(3) Issue a provisional ICC or BCC, which shall be valid for three months; the BIR shall rule upon the application before the three-month period expires.
(Source: Punongbayan & Araullo)
Published in the Sun.Star Cebu newspaper on May 27, 2014.