Friday, January 2, 2009

Custom Tax

Nabasa ko isa sa mga forum na ito regarding sa paguwi ng LCD TV sa pinas and medyo nakaka dismaya tingnan na ang mismong kababayan mo pa ang umaabuso at ng kokotong sa iyo...sabihin natin kahit 500Php lang siya.
Anyway, nag check ako regarding sa Custom tax and duty sa pinas para malaman kung magkano ba talaga ang babayaran natin in case sumobra yung mga dala natin ng 10K Peso duty exemption... Medyo vague para sa akin yung last paragraph since yung customer officer lang ang nakakaalam kung magkano ang babayaran mo. Ang sa akin lang naman maganda sana kung may amount or percentage specified na naka assign either per category (e.g. Electronics Category) or per item para naman hinde natin iisipin pag magbabayad tayo na niloloko tayo ng custom officer. So para doon sa hinde pa po aware sa Custom Tax and Duty...

Below is the excerpt of our Custom law from the Philippine Embassy Website

Balikbayan and Overseas Filipino Workers (OFWs) are entitled to a Ten Thousand (10,000,00) Peso duty exemption on their USED personal and household effects. Any excess thereof is subject to an ad valorem duty (Executive Order 206). In addition, OFWs are entitled to duty and tax-free privileges on their USED appliances limited to one of every kind provided the total value does not exceed PHP10,000.00. Any excess is subject to duty and tax.

The amount of duty to be paid shall be determined by the Customs Officer. Please have all your receipts and / or supporting documents ready for presentation to the Customs Officer.


Example Calculation..

Laptop 2,000 S $ = 2,000 times (php=sg$) value
2,000 * 33 = 66,000 php
66,000 - 10,000 ( For OFW excemption ) = 55,000
taxable is 50%
55,000 * .5 = 27,500 php
tax is 10% plus 10% VAT = 20 %
27,500 * .2 = 5,500 php dapat babayaran mong tax sa customs pag dating pinas...

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