Exploring Benchmarks for BOC Valuation and Trade Facilitation

23 Pages Posted: 27 Apr 2015  

Ronald U. Mendoza

Ateneo De Manila University - Ateneo School of Government

Ser Percival Pena-Reyes

Asian Institute of Management

Aladdin Ko

Asian Insitute of Management - AIM Policy Center

Date Written: May 1, 2015

Abstract

At the Philippine Bureau of Customs, given the present high risk of systematic undervaluation, improving the accuracy and precision of import valuation will most likely contribute to increased government revenues. More importantly, this can also help shore up importers’ support for present reforms in the BOC. In the Philippines, the reforms are also underpinned by a strategy to increase the openness of the BOC through its “Customs ng Bayan” website. Stakeholders can now download information on the valuation and assessed taxes on all products imported throughout the country’s 17 collection districts. A detailed analysis of import valuation patterns using this dataset can reveal whether and to what extent valuation patterns are beginning to reflect improved accuracy and precision. This, in turn, can be used as part of overall efforts to assess the relative improvements in trade facilitation. This note thus attempts to show how such an analysis can be done.

Keywords: customs, anti-corruption, international trade, smuggling, trade facilitation

JEL Classification: F10, H10, H20

Suggested Citation

Mendoza, Ronald U. and Pena-Reyes, Ser Percival and Ko, Aladdin, Exploring Benchmarks for BOC Valuation and Trade Facilitation (May 1, 2015). Available at SSRN: https://ssrn.com/abstract=2599129 or http://dx.doi.org/10.2139/ssrn.2599129

Ronald U. Mendoza (Contact Author)

Ateneo De Manila University - Ateneo School of Government ( email )

Katipunan Road
Loyola Heights
Quezon City, 1108
Philippines

Ser Percival Pena-Reyes

Asian Institute of Management ( email )

123 Paseo de Roxas
Makati City, Metro Manila
Philippines

Aladdin Ko

Asian Insitute of Management - AIM Policy Center ( email )

123 Paseo de Roxas
Eugenio Lopez Foundation Bldg.
Makati City, 1260
Philippines

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