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Acquiring
and Using
Tax Certificates |
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| Office
of Special Concerns |
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Mission
Statement
The
One-Stop Shop Inter - Agency Tax Credit
and Duty Drawback Center ("CENTER") exists
to provide the highest level of operational
efficiency, quality service and absolute
integrity in administering the country's
tax credit and duty drawback system.
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Objective
The
CENTER
was established as the government’s response
to the mounting complaints being aired by
the private sector over the country’s highly
chaotic and inefficient tax credit and
duty drawback
system. The CENTER was formed primarily
to serve as one of the government’s pillars
in its export promotion and investment generation
drive by making the various tax credit and
duty drawback incentive programs readily
accessible to legitimate exporters.
Towards
the attainment of this objective, the CENTER
shall faithfully adhere to a uniform set
of policy initiatives that would provide
a simplified, consistent and transparent
evaluation system achieved under an exacting
standard of professional work competence.
The CENTER shall instill among its staff
members the primary core values of honor,
probity, integrity and performance. Furthermore,
the CENTER shall continuously pursue programs
aimed at enhancing overall efficiency by
way of simplifying claim evaluation procedures
and reducing document submission requirements
in active partnership and consultation with
its public constituencies.
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History
Recognizing
that the export sector should be a major
driving force in the development of the
Philippine economy, the government was prompted
to actively pursue export promotion as one
of its primary agenda for growth. Pursuant
to this, the government unveiled a wide
array of incentive programs that would actively
encourage investment generation in this
sector. Following this premise, a streamlined
tax credit and duty drawback system was
conceptualized by which its strategy came
into form through the establishment of the One-Stop Shop Inter - Agency Tax Credit
and Duty Drawback Center ("CENTER").
The
CENTER was created by then President Corazon
C. Aquino pursuant to Administrative Order
No. 266 issued on February 07, 1992 primarily
to achieve an orderly and expeditious processing
of tax credit and duty drawback claims of
legitimate exporters. The CENTER subsequently
became a permanent unit of the Department
of Finance on July 19, 1994 when Administrative
Order No. 138 was issued by then President
Fidel V. Ramos. The CENTER umbrella is composed
of three (3) major groups, namely:
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The
Investment Incentive Group
(IIG) processes claims for tax
credits of Board of Investment (BOI)
registered enterprises. Essentially,
these tax credits are granted on the
basis of refunds on import duties
as well as import and local VAT rebates
on raw materials and supplies which
are processed and used for the production
of goods which are destined for the
export markets. In addition, the group
manages a host of other incentives
granted to BOI registered firms such
as Tax Credit on Net Local Content,
Net Value Earned and on Domestic Capital
Equipment.
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The
Duty Drawback Group
(DDG) processes duty drawback claims
filed by non-BOI registered enterprises
as well as BOI registered firms whose
entitlement to tax credit incentives
as provided under their BOI registration
have already lapsed.
Manned by
the
Bureau of Customs personnel
detailed at the CENTER,
this
group
grants
refunds on import duties and VAT paid
on raw materials and supplies used
in the production of export goods.
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The
Tax and Revenue Group
(TRG) manages the processing and issuance
of tax credit certificates on the
value-added tax (VAT) credit claims
of zero-rated tax payers (direct exporters)
on their purchases of goods and services.
This group is composed of
Bureau of Internal Revenue personnel
detailed at the CENTER.
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Prior
to the CENTER's creation in 1992, the processing
of various tax credit and duty drawback
was administered by different government
agencies such as the Board of Investments,
the Bureau of Customs and the Bureau of
Internal Revenue. Under this chaotic system,
exporters had to contend with varying document
requirements and claim filing and evaluation
procedures that resulted in longer processing
time and many instances, duplicity and inconsistency
in policy implementation.
The
formation of CENTER in 1992 was the response
of the Philippine government to the clamor
of local exporters to house under one agency
all these tax credit and duty drawback programs
in order to arrive at a more streamlined
and efficient tax and duty refund system.
The
CENTER's policy making authority rests with
the Executive Committee, an inter-agency
committee composed of representatives from the
Department of Finance, the Board of Investments,
the Bureau of Customs, and the Bureau of
Internal Revenue. The Executive Committee
is tasked to oversee the performance
of the CENTER and its faithful compliance
with existing policies, rules and
regulations. The day-to-day management
of the CENTER's operations is handled by
the Executive Director with the assistance
of the Deputy Executive Director. As mandated
under Administrative Order No. 266, the
CENTER is required to submit its annual
performance report to the Office of the
President for appropriate review and assessment.
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