Pilipinas Shell Petroleum Corporation was recently recognized by the Bureau of Customs (BOC) as one of the top taxpayers of the Manila International Container Port (MICP), the only energy company to receive such an honor for 2020.
Shell’s prompt payment of taxes covering its importation of motor oils, industrial grease, and other bulk products that came through the MICP last year helped the government agency exceed collection targets, says BOC Acting Chief of the Informal Entry Division Bienvenido Entico.
“The informal entry division surpassed our collection target last December 2020 by about 5 percent, collecting more than 130 percent for the year 2020. Likewise, we have surpassed
January 2020’s collection by about 57 percent, collecting P124 million for January 2021. With your contribution, we will continue to collect more revenues for the government,” he adds.
The contributions of consistent top taxpayers like Shell are even more laudable given that “2020 was full of challenges sparked by the COVID-19 outbreak, which has plagued the country and commerce,” says BO C District Collector Romeo Allan R. Rosales.
Shell continues to deal with the adverse effects of restrictions imposed by governments worldwide to limit movement and stem the transmission of COVID-19, like the crash in demand for fuels, resulting to an oversupply of stocks.
“Integrity is all about being consistent, even in a crisis. We know that whatever we pay to the government will support efforts to help the country bounce back from this economic downturn,” says Shell Lubricant Supply Chain Manager Jonas Sarmiento.
He says the citation manifests Shell’s commitment to partner with the country in nation-building as well as the kind of compliance standards that the company adheres to. “This kind of recognition shows that Shell is walking the talk, and that we’re doing what’s right.”
