Thursday, December 16, 2010

Bureau of Customs will be considerate this Christmas, no tax duties on one electronic item

The Philippine Bureau of Customs (BoC) will be considerate to vacationing balikbayans or overseas Filipino workers (OFWs) who would want to bring in electronic items in the country this Christmas.

"In the spirit of the holiday season, ang sabi ko sa ating collectors, examiners at appraisers, lalung-lalo na dito sa arrival area na bigyan naman ng konting konsiderasyon ang ating mga kababayan," said Customs Commissioner Lito Alvarez.

Balikbayans or OFWs will be allowed by the BoC to bring in one electronic product free of duties and taxes.

Based on customs regulations, ad valorem tax is imposed on an electronic product with more than P10,000 value.

Alvarez admitted that the law on duties and taxes is outdated and needs to be amended by Congress.

OFW Rodrigo Cabuena had just arrived from Palma de Mallorca in Spain. He bought family chocolates and clothes as presents for his family because he knows how difficult it is to bring in electronic products in the country.

Aside from the long thorough search of his belongings, BoC members would also bombard him with several questions.

“Alam nyo po naman ang trabaho namin saka yung sahod namin, minimum wage earner lang po kami doon. Ngayon, kung pagbabayarin po kami nun, medyo mabigat yun,” Cabuena said.

Alvarez reminded OFWs that they must honestly fill up the Customs Declaration Form and bring the receipt of the electronic item they want to bring into the country

source: abs-cbn

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