28/08/2024
| Did you know that imported goods with a De Minimis Value of Php 10,000.00 or below has no duties and taxes?
“De Minimis” Importation refers to situations where the value of imported goods, excluding insurance cost, shipping cost, and any genuine discount, does not exceed PHP 10,000. Under this threshold, no customs duties and taxes are collected on such goods.
However, to***co and alcohol products, even if their value falls within the PHP 10,000 De Minimis Value, are still subject to excise tax as per the National Internal Revenue Code (NIRC).
| Did you know that imported goods with a De Minimis Value of Php 10,000.00 or below has no duties and taxes?
“De Minimis” Importation refers to situations where the value of imported goods, excluding insurance cost, shipping cost, and any genuine discount, does not exceed PHP 10,000. Under this threshold, no customs duties and taxes are collected on such goods.
However, to***co and alcohol products, even if their value falls within the PHP 10,000 De Minimis Value, are still subject to excise tax as per the National Internal Revenue Code (NIRC).
For inquiries, email the Bureau of Customs at [email protected] or through hotline number (02)8706-6000.