Philippines - Customs and duties





The Philippines, under its commitments to ASEAN, must accelerate its tariff reductions as part of in its AFTA Common Preferential Tariff (CEPT) Inclusion List. As of 2000, the Philippines was the furthest behind of any of the six original ASEAN members in implementing this plan. The Philippines, as a member of the Asia Pacific Economic Cooperation (APEC) forum, is also committed to the establishment of free trade in the region and is expected to eliminate intra-regional barriers by 2020. The government developed a separate plan in 1996 to lower tariffs to no more than 3% on raw materials and 10% on finished products by January 2003, and a uniform 5% tariff rate by January 2004. There is also a value-added tax (VAT) of 10% on almost all imports and excise taxes are levied on alcohol and tobacco products, automobiles, and other luxury items.

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jovy
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Jul 1, 2007 @ 5:05 am
this article about tariff its ok! & i just wanna tell you that please dont be focus about tariff or vat. please those people need help like poor people. please government dont be corrupt
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Apr 3, 2011 @ 11:23 pm
HELPFUL INFORMATION THAT EVENTUALLY APPLIES TO ALL SITUATIONS WITH REGARD TO DUTIES & TAXES.
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Nov 3, 2011 @ 5:05 am
Hi, I have plans to import ladies fashion accessories into Philippines. Some of the products are as follows: Ear rings, Rings, Chokers, Necklaces, Sunglasses, Hair accessories, Manicure sets, ladies purses and handbags etc... Can you tell what will be the tax imposed on these goods. Thank you.

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