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P204B raised from fuel markings



THE Bureau of Customs (BoC) said on Thursday that its Fuel Marking Program has marked 89.35 billion liters of fuel and generated P1.028 trillion in taxes since it started in 2019, and P204.18 billion collected as of October this year.

The fuel marking program was launched in 2019.

Fuel is marked with a special dye to signify tax compliance, while the absence of the dye is considered an indication that the fuel may be smuggled.

“This milestone highlights the significant impact of the collaboration between BoC, SGS Philippines Inc., and SICPA in ensuring fuel integrity and compliance,” it said in a statement on Tuesday.

BoC said this strengthened partnership has also contributed to 84 apprehensions and the filing of 21 fuel smuggling cases, including a conviction for illegal fuel trading.

“With continued efforts to enhance enforcement thresholds, BoC, SGS, and SICPA remain committed to combating fuel smuggling and ensuring fair tax collection across the country,” the Bureau said. — Aubrey Rose A. Inosante

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