Manila, July 11 -- Filoil Energy Co., Inc. remains as the top source of revenue for the Bureau of Customs here having paid more than PHP2 billion despite the government's imposition of Republic Act 10963, better known as the Tax Reform for Acceleration and Inclusion (TRAIN) law.
Latest records at the Bureau of Customs subport of Dumaguete show that from January to June 30 this year, Filoil already paid close to PHP2.2 billion in Value Added Tax (VAT) and Excise Tax, said Fe Lluelyn G. Toring, Dumaguete Customs Collector, on Wednesday afternoon.
For the same period last year, Filoil also topped the list of importers here, contributing more than PHP1.3 billion in taxes, she said.
According to Toring, even with the imposition of the TRAIN l...