Government issues P2.8 billion worth of tax credit certificates
By Iris Gonzales | October 29, 2009 - 12:00am
The government’s One Stop Shop Inter-Agency Tax Credit and Duty Drawback center has issued P2.789 billion worth of tax credit certificates (TCCs) from January to September this year, 25.9 percent lower than...
Business
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Government mulls cap on tax credit papers
By Des Ferriols | May 23, 2006 - 12:00am
The Department of Finance (DOF) is considering the possibility of putting a cap on the utilization of tax credit certificates (TCC). Revenue officials have been blaming the unusual increase in the utilization of...
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Teves explains P7.4-B shortfall in BIR’s April tax collection
By Des Ferriols | May 18, 2006 - 12:00am
The unexpected increase in the utilization of tax credit certificates (TCCs) as well as the early remittance of income taxes withheld caused the P7.4-billion shortfall in revenue collections in April. Historically...
Business
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BOC to replace all tax credit certificates with new ones
By Rey Arquiza | August 7, 2003 - 12:00am
The Bureau of Customs advised yesterday all its district collectors nationwide that the Department of Finance, has issued an order requiring all holders of outstanding tax cridit certificates (TCCs) to surrender...
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Customs chief orders all tax credit certificates to be signed by him
By Rey Arquiza | June 26, 2003 - 12:00am
Customs commissioner Antonio Bernardo has issued an order vesting his office the exclusive authority to sign and aprove all documents on Tax Credit Certificates (TCCs) for the bureau. Bernardo said the order is...
Business
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Government uncovers more fake tax credit certificates
June 22, 2003 - 12:00am
The Department of Finance has uncovered another anomaly in the sale of Tax Credit Certificates (TCCs) as it was able to block two transactions involving P82.83 million worth of fake TCCs. Finance Secretary Jose Isidro...
Business
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BIR to go after firms in tax scam
April 11, 2000 - 12:00am
DAVAO CITY -- The Bureau of Internal Revenue (BIR) is determined to go after individuals and companies involved in the multibillion-peso tax credit certificate (TCC) scam. BIR Commissioner Dakila Fonacier said...
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Informers rattling on tax credit scam - Gotcha

By Jarius Bondoc | March 22, 2000 - 12:00am
Old hands at the finance department used to belittle investigators of the P52-billion tax credit certificates (TCCs) scam. They thought that chief prober Alberto Salanga lacked detective and legal skills.
Opinion
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Fraudulent tax credits to reach P8B - report
March 7, 2000 - 12:00am
The inter-agency One-Stop Shop Tax Credit and Duty Drawback Center (OSS) has revealed that government losses from the fraudulent issuance of tax credit certificates (TCCs) from 1992 to 1998 could reach over P8...
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