ICYMI: As his administration pushes for rightsizing in government, President Ferdinand Marcos Jr. has ordered the abolition of the Department of Finance’s One-Stop-Shop Inter-Agency Tax Credit and Duty Drawback Center.
According to the Presidential Communications Office, DOF Secretary Benjamin Diokno recommended to the President the abolition of the OSS Center.
“Its abolition and transfer of functions under the BIR and the BOC are in line with the Marcos Jr. administration’s push to right size government. This will streamline revenue operations and reduce administrative expenses,” Diokno added. “It is not practical for the government to provide for its budget every year since it does not perform its functions anymore,” he said.
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