14 February 2006—The Makati Business Club published two (2) handy guidebooks for doing transactions with the Bureau of Internal Revenue and the Bureau of Customs. The primers are part of an MBC initiative to institute transparent systems and good governance in the BIR and BOC.

The Bureau of Internal Revenue guide shows the basics of tax payment and collection. It provides readers with step-by-step procedures for paying individual, corporate and other business taxes. The Bureau of Customs handbook outlines the basic rules on importing and exporting, and the regulations on tax payments and duty-free privileges. It also contains procedures for establishing bonded warehouses. Readers are urged to report any act of extortion or bribery in the BIR and BOC. The primers were designed to emphasize the importance of paying taxes and the need to institute transparent systems to prevent corruption in these agencies.

For copies of “A Guide to the Bureau of Internal Revenue” and “A Guide to the Bureau of Customs”, please email e.gacusana@mbc.com.ph. Both are published by the Makati Business Club with support from the Prince of Wales International Business Leaders Forum (IBLF) and the UK Department for International Development.

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