This panel has began slicing the number of days to process professional papers at the DOF and its attached companies.
To facilitate imports, the Bureau of Customs is implementing better limits on de minimis importations, which refers to small-value imports of P10,000 or beneath which might be exempt from tax payments.
The Bureau of Internal Revenue, for its element,simplified and facilitated the processing of tax clearances and certificates authorizing registration for actual houses and stocks of inventory, consistent with BIR officer-in-price Nestor Valeroso.
The processing time for those documents has been reduced from numerous weeks to months to only three to 5 days.
