dept of finance

8/12/2019 Dept of Finance

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The Department of Finance is a government institution that formulates fiscal policy. Carrying out its basic function of

revenue generation to ensure adequate financing for the needs of the country has led to an expansion of the DOFs

role over time. Below are the Bureaus, Agencies and Government Corporations under the supervision of DOF.

BUREAU OF INTERNAL REVENUE (BIR)

As Mandated:

1) Assessment and collection of all national internal revenue taxes, fees and charges.

2) Enforcement of all forfeitures, penalties, fines and execution of judgments in all cases decided in its favor by the

Court of Tax Appeals and the ordinary courts

3) Administer supervisory and police powers conferred by National Internal Revenue Code as amended by R.A. 8424

or other laws.

Website :http://www.bir.gov.ph

HEADED BY :

Kim S. Jacinto-Henares

Commissioner

Address : National Internal Revenue Building, Agham Road, Diliman, Quezon City, PhilippinesTelephone : (632) 921-0430 (632) 981-7113

Fax : (632) 925-1789

Email : [email protected]

BUREAU OF CUSTOMS (BOC)

As mandated by Section 602 of the TCCP; Assess and collect lawful revenues:

1) Prevent smuggling and other frauds

2) Control vessels/aircrafts doing foreign trade

3) Enforce tariff and customs laws

4) Control the handling of foreign mails for revenues and prevention purposes

5) Control import and export cargoes

6) Jurisdiction over forfeiture and seizure cases

Website :http://www.customs.gov.ph

HEADED BY :

Rufino Biazon

Commissioner

Address : Bureau of Customs Building, Port Area, South Harbor, Manila

Telephone : (632) 526-6355

Fax : (632) 527-4511

BUREAU OF TREASURY (BTR)

1) Assist in formulation of policies on borrowing, investment and capital market development;2) Formulate adequate operational guidelines for fiscal and financial policies;

3) Assist in preparation by government agencies concerned of an annual program, for revenue and expenditure

targets, borrowing levels and cash balances of National Government (NG);

4) Maintain books of accounts of the NG cash transactions;

5) Manage cash resources of NG, collect advances made, and guarantee and forward cover fees due NG;

6) Control and service NG public debt, both foreign and domestic;

7) Issue, service, redeem government securities for account of NG as may be authorized by the President pursuant
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to law.

Website :http://www.treasury.gov.ph

HEADED BY :

Rosalia V. De Leon

Treasurer

Address : Palacio del Gobernador Bldg., Intramuros, Manila

Telephone : (632) 527-3184 (632) 522-3592

Fax : (632) 527-7319


BUREAU OF LOCAL GOVERNMENT FINANCE (BLGF)

Department of Finances arm (DOF) directly responsible over the fiscal and financial affairs of local government.

Under a decentralized regime, BLGF provides a catalytic role in effective and sustainable management of fiscal and

financial resources of LGUs, transforming them into self-reliant communities. It is vigilant and dedicated to pursuit of

development and professionalization of its employees including those of the local treasury and assessment services.

Mandate:1) Section 43 of Executive Order No. 127, as amended, other pertinent provisions of Local Government Code of

1991, BLGF shall: Assist in formulation and implementation of policies on local government revenue administration

and fund management;

2) Assist LGU in development and implementation of Real Property Tax Administration (RPTA) projects;

Website :http://www.blgf.gov.ph

HEADED BY :

Salvador del Castillo

OIC, Executive Director

Address : 8th Floor EDPC Bldg., BSP Complex, Roxas Blvd., Manila

Telephone : (632) 527-2780 (632) 522-8773

Fax : (632) 5272780

INSURANCE COMMISSION (IC)

Mandate:

1) To promote growth and financial stability of insurance companies

2) To professionalize insurance services and develop insurance consciousness among the general populace

3) To establish a sound national insurance market, and

4) To safeguard the rights and interest of the insuring people.

Website :http://www.insurance.gov.ph

HEADED BY :

Emmanuel F. Dooc

Commissioner

Address : IC Building, #1071 United Nations Avenue, Manila, 1004, Philippines P.O. Box 3589, Manila

Telephone : (632) 525-2015

Fax : (632) 532-1434

http://www.treasury.gov.ph/http://www.treasury.gov.ph/http://www.blgf.gov.ph/http://www.blgf.gov.ph/http://www.insurance.gov.ph/http://www.insurance.gov.ph/http://www.dof.gov.ph/wp-content/uploads/2011/01/ic-webscreen.jpghttp://www.dof.gov.ph/wp-content/uploads/2011/01/blgf-webscreen.jpghttp://www.dof.gov.ph/wp-content/uploads/2011/01/btr-webscreen.jpghttp://www.insurance.gov.ph/http://www.blgf.gov.ph/http://www.treasury.gov.ph/


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NATIONAL TAX RESEARCH CENTER (NTRC)

Mandate:

1) To promote a tax system that will ensure a fair distribution of the tax burden among the Filipino taxpayers.

2) To recommend necessary improvements in the tax system by conducting continuing quality research on

taxation.

3) To provide responsive staff support to fiscal policy makers.4) To provide opportunities for professional growth and promote the well-being of our personnel.

Website :http://www.ntrc.gov.ph

HEADED BY :

Trinidad A. Rodriguez

OIC, Executive Director

Address : Harbor Centre II, 23rd St. cor. A.C. Delgado St., Port Area, Manila

Telephone : (632) 527-2050 (632) 527-2064

Fax : (632) 527-2050


CENTRAL BOARD OF ASSESSMENT APPEAL (CBAA)

Mandate:

1) To warrant observance of the due process of law clause mandated by the Constitution in the assessment and

collection of real property taxes by the government,

2) To ensure that the taxpayers are given the opportunity to be heard.

Website :http://www.bokomat.com/

HEADED BY :

Ofelia A. Marquez

Chairman

Address : 7th Floor, EDPC Building, BSP Complex, Roxas Blvd., Manila Philippines

Telephone : (632) 525-1410 (632) 526-7485

Fax : (632) 525-1411


PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC)

INSURER, provides adequate depositor protection and education and ensure immediate processing and settlement

of depositor claims;

As REGULATOR, conducts diligent monitoring and examination of member banks and implement prompt, decisive

and prudent interventions;

As RECEIVER, implements efficient receivership, judicious rehabilitation, and expeditious liquidation of closed banks.

Website :http://www.pdic.gov.ph

HEADED BY :

Valentin A. Araneta

Address : PDIC Bldg., # 2228 Chino Roces Ave., Makati City, Philippines

Telephone : (632) 818-6906 / (632) 817-1445

Fax : (632) 817-3566
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PHILIPPINE EXPORT-IMPORT CREDIT AGENCY (PHILEXIM)

Mission:

To stimulate, increase and develop the export of goods and services, and to facilitate investment in strategic sectors

for the countrys development by extending guarantees, insurance, credit and related technical assistance services to

viable enterprises

Website :http://www.philexim.gov.ph

HEADED BY :

Francisco S. Magsajo, Jr.

President and CEO

Address : 17th Floor, Citibank Plaza, 8741 Paseo de Roxas St., Makati City 1226

Telephone : (632) 893-4632 (632) 893-4809 (632) 848-1900 TL

Fax : (632) 8934672

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