The Department of Finance (DOF) yet takes another step in streamlining procedures and reducing fees that would help ensure free flow of goods and further boost the country’s economy.

Finance Secretary Frederick Go has ordered the Bureau of Customs (BOC) to extend importer accreditation and cut on accreditation fees.

He recently issued a Customs Administrative Order (CAO) where accreditation fee has been reduced from ₱2,000 per year (or ₱6,000 over 3 years) to a one-time payment of ₱5,000 for a 3-year period, lowering overall cost for importers.

“By extending the validity of importer accreditation, we are reducing red tape and enabling a more efficient trade system that can meet growing consumer demand and support local industries,” Go said.

“This reform allows businesses to focus more on operations and growth rather than administrative requirements,” he added.

These reforms at BoC, an agency under the DOF, cuts red tape, simplifies logistics with reduce costs and thus, speeds up the flow of goods across the country. This move is seen to contribute to the economy.

To ensure continued compliance and up-to-date records, importers are required to submit an Annual Reportorial Compliance (ARC) within 30 days of their accreditation anniversary.

The CAO also clarifies the criteria and guidelines for automatic renewal. Importers with six (6) consecutive years of uninterrupted and compliant accreditation may qualify for automatic renewal. The policy likewise covers Authorized Economic Operators (AEO) and Super Green Lane (SGL) Accredited Importers.

This reform supports President Ferdinand R. Marcos, Jr.’s directive to foster a more business-friendly environment, enabling enterprises to thrive and strengthening the country’s trade competitiveness.