BOC Partners with PayMaya for Enhanced Payment System
In its pursuit to ensure tax collection efficiency and seamless customs services, the Bureau of Customs inked on June 11, 2020 a Memorandum of Agreement with the Bureau of the Treasury (BTr), Development Bank of the Philippines (DBP), and PayMaya for the implementation of an online payment system for the collection, transmittal, and remittance of BOC Fees and other payments.
Under the MOA, PayMaya shall accept payments from BOC clients of miscellaneous fees and charges, other than customs duties and taxes, through PayMaya Payment Solutions (PPS) with services including Online Checkout that accepts credit/debit cards for local and cross-border payments, Bills Payment via PayMaya app, Pay by PayMaya, PayMaya One POS terminal that accepts credit/debit cards and PayMaya QR payments, and Smart Padala Centers Bills Payment.
The Agreement also covers the payment of client service fees specified under the MOA, as well as the arrangement of depositing the collected BOC Fees and other payments to the DBP. Additionally, the obligations of each party are set forth under the Agreement with the Bureau of Customs to submit to the BTr Office, the List of Deposited Collections (LDC) Report of the daily remittance of collected BOC Fees to BTr-BOC-PayMaya Clearing Account wherein all collections/payments accepted and deposited by PayMaya under the Agreement shall be credited. The LDC report shall be prepared by the Collection District who issued Order of Payment and validated by the Bureau of Customs-Revenue Accounting Division, (BOC-RAD) based on the detailed reports generated/submitted by PayMaya using its payment collection service.
It is through Republic Act No. 8792, also known as the “E-Commerce Act of 2000” and RA 11032, or the “Ease of Doing Business and Efficient Government Services Delivery Act of 2018” mandating all offices and agencies to improve transactions systems and procedures that made the Bureau of Customs enter into the Memorandum of Agreement to streamline its cash transactions.
The BOC ensures the public that it will continue to adopt measures necessary to facilitate and minimize disruption to the supply chain amid the crisis.
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