THE Bureau of Customs (BoC) has teamed up with e-wallet service company PayMaya Philippines, Inc. for an online payment system to collect, transmit and remit Customs fees, charges, duties and taxes.
BoC and PayMaya, along with the Bureau of the Treasury (BTr) and the Development Bank of the Philippines (DBP), inked a memorandum of agreement on Friday allowing the use PayMaya’s digital services for both local and cross-border payments.
In a press release on Sunday, the partners said the services include online checkout using credit or debit cards and payment of bills via PayMaya’s application, One POS terminal, QR (quick response) code and Smart Padala Centers bills payment.
BoC said the partnership also covers the payment of client service fees and the deposit of the collected fees and other payments to the DBP.
All collections and payments made in and deposited by PayMaya will be remitted to a BTr-BoC-PayMaya clearing account.
BoC is then required to submit to the BTr office a list of deposited collections (LDC) on the daily remittance of Customs fees to the clearing account.
“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 said.
The BoC said it would continue to adopt measures necessary to facilitate and minimize disruption to the supply chain during the crisis.
In October last year, the Bureau of Internal Revenue (BIR) partnered with PayMaya to allow its users to settle tax payments via the application. — Beatrice M. Laforga