GOVPH

Section 12 of the National Internal Revenue Code (NIRC) authorizes the Bureau of Customs (BOC) to collect internal revenues on imported goods. Thus, the implementation of Tax Reform for Acceleration and Inclusion (TRAIN) under RA 10963 effective January 2018 is expected to boost BOC collections.

The Philippines’ increasing demand for meat products has and will continue to outpace local production wherein it is estimated to grow by 28.67% to 5.197 million metric tons (MMT) in 2028 (OECD, 2019). This consumption is higher than projected local meat production of 4.276 MMT for the same year. As such, the country is expected to increase its reliance on meat importation to fill in supply gaps (NEDA, 2019).