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                    [Title] => Billions of pesos lost on underpayment of duties on imported luxury vehicles
                    [Summary] => The government has lost billions of pesos in revenues over the past three years due to "self-imposed" taxes and duties on the importation of thousands of luxury vehicles, a Customs official disclosed yesterday.


The official, who spoke on condition of anonymity, said that the practice of basing the release of the vehicles from the Customs zones on the certificate of Authority to Release Imported Goods (ATRIG) issued by the Bureau of Internal Revenue (BIR) was in itself "a condonation of technical smuggling."


                    [DatePublished] => 2004-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1681404
                    [AuthorName] => Rey Arquiza
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MANILA OVERSEAS PRESS CLUB-TUESDAY CLUB

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                    [ArticleID] => 264106
                    [Title] => Billions of pesos lost on underpayment of duties on imported luxury vehicles
                    [Summary] => The government has lost billions of pesos in revenues over the past three years due to "self-imposed" taxes and duties on the importation of thousands of luxury vehicles, a Customs official disclosed yesterday.


The official, who spoke on condition of anonymity, said that the practice of basing the release of the vehicles from the Customs zones on the certificate of Authority to Release Imported Goods (ATRIG) issued by the Bureau of Internal Revenue (BIR) was in itself "a condonation of technical smuggling."


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Billions of pesos lost on underpayment of duties on imported luxury vehicles

By Rey Arquiza | September 9, 2004 - 12:00am

The government has lost billions of pesos in revenues over the past three years due to "self-imposed" taxes and duties on the importation of thousands of luxury vehicles, a Customs official disclosed yesterday. The...

Business