The Bureau of Customs (BOC) signed an 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 BOC fees to ensure efficient and smooth tax collection and customs services.
Under the Memorandum of Agreement, PayMaya shall accept payments from BOC clients, whether through credit/debit cards or PayMaya e-Wallet. Payments include miscellaneous fees aside from customs duties and taxes.
“This partnership is especially important at this time as the government needs to maximize revenues to fund the country’s recovery and stimulus programs in the wake of the current crisis,” said PayMaya Founder and CEO Orlando Vea.
The birth of the agreement is thanks to the 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.” These provisions mandate all offices and agencies to improve transaction systems and procedures, which includes digital adoption through their payment systems.