EDC approves PEDP 2018-2022; endorses to the President

The Export Development Council (EDC), in its meeting last 09 March 2018 approved the Philippine Export Development Plan (PEDP) 2018-2022 through Resolution No. 02, s. 2018 endorsing the PEDP 2018-2022 for the President’s approval.

As part of the process, the PEDP 2018-2022 will be submitted to the Office of the President through the Cabinet Economic Development Cluster.

Sec. 5 of Republic Act No. 7844 or the Export Development Act (EDA) provides that the President of the Republic of the Philippines shall approve the PEDP prepared by the Department of Trade and Industry (DTI) which shall form part of the Medium-Term Philippine Development Plan, now called the Philippine Development Plan (PDP).

The PEDP 2018-2022 embodies the country’s export thrusts, strategies, programs and projects which are aligned with the PDP 2017-2022 and the 10-point socio economic agenda of the President for enhanced competitiveness and support to SMEs. It shall be jointly implemented by the government and export stakeholders. The Plan aims to increase exports to $122B-$130B in 2022.

Data and analyses in the said Plan were gathered from the EDC Visioning and Strategic Planning and a series of focused group discussions with stakeholders from the government and export sectors in NCR, Cebu City and Davao City in 2017.

BOC issues requirements for importers, brokers accreditation

This is pursuant to Department Order No. 11-2018 issued by the Department of Finance last 9 February 2018 which states that the “authority to accredit and register customs brokers and importers is reverted solely to the Bureau of Customs for purposes of simplification of process”.

The BOC also posted in its website the application forms for the accreditation. Said forms indicated that the applicant must also submit a list of Importable items with clear description in technical and tariff terms, estimated volumes and values for the next twelve (12) months.

Following the issuance of DO 11-2018, the BOC is now mandated to provide the BIR with a list of accredited importers and customs brokers for post-accreditation validation of tax compliance. In turn, the BIR shall notify immediately the BOC if there is a case of tax deficiency and non-compliance of accredited importers and customs brokers.

DO 11-2018 repealed DO 12-2014 and DO 18-2014 which required two-step accreditation process. Previous process requires importers and brokers to go through stringent verification procedure of BIR to secure Importers Clearance Certificate (ICC) and Brokers Clearance Certificate (BCC) respectively and submit the same as form part of the requirement of BOC accreditation.Since March 1, the Bureau of Internal Revenue has stopped accepting application for accreditation.

Travel Tax Exemption Certificate now in new TIEZA office

Exporters are advised to claim their travel tax exemption certificates from the new office address of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) at the 6th floor, Tower 1 Double Dragon, Meridian Tower Diosdado Macapagal Avenue cor. EDSA Extension, Pasay City.

For more inquiries and concerns please email traveltax@tieza.gov.ph or call telephone numbers 257-8136/ 463-9857/ 551-3736/ 551-3945.