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BoC, LTO to tighten import rules on luxury vehicles
Business World Philippines
|October 22, 2025
THE Bureau of Customs (BoC) and the Land Transportation Office (LTO) on Tuesday agreed to form a joint task force aimed at imposing a stricter importation policy on luxury vehicles.
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"This mutual cooperation with the LTO reinforces out shared goal of ensuring transparency, efficiency, and strict compliance with customs laws and other government regulations," BoC Commissioner Ariel F. Nepomuceno said in a statement on Tuesday.
The memorandum of agreement, signed in the LTO Central office in Quezon City, seeks to safeguard the public by helping deter fraudulent practices and protecting government revenues.
Dit verhaal komt uit de October 22, 2025-editie van Business World Philippines.
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