Additional tax on used cars brought to RP by Pinoys lifted
Date: Tuesday, January 31 @ 15:26:43 CST
Topic: More News
Additional tax on used cars brought to RP by Pinoys lifted
WASHINGTON DC - Beginning January 31, 2006, used vehicles brought by Filipinos returning to the Philippines under the No-Dollar -Importation Program (NDI) shall no longer be subject to the Peso 500,000 additional specific import duty, according to the Commercial and Investment Office of the Philippine embassy.
This duty was previously imposed by Executive Order 418 which took effect on 21 May 2005.
The lifting of the additional import duty is contained in Executive Order 477 which was signed by President Gloria Macapagal Arroyo on 19 December 2005. It was published in newspapers of general circulation in the Philippines on 31 December 2005. EO 477 takes effect 30 days immediately following publication in newspapers of general circulation, or on 31 January 2006.
However, while exempt from the additional import duty, qualified importations under the No-Dollar Importation Program are still subject to the full payment of all other applicable import duties and taxes on motor vehicles imported under the Program.
EO 477 also exempts from the additional import duty motor vehicles authorized for importation by the Department of Foreign Affairs intended for use by officials of the Diplomatic Corps.
For further information or questions, please contact Mr.Romeo G. Borillo, Commercial Counselor of the Philippine Embassy in Washsington, DC at telephone number 202-467-9419 or email pticwdc@verizon.net. You may also contact any of the following at Philippine Consulates General in the United States:
Ms. Ma. Roseni Alvero
Senior Trade Representative
Philippine Trade and Investment Center, Silicon Valley
Tel : 408 980 9637
email : ptic-sv@philippinecentersf.com
Mr. Eugene Reyes
Commercial Attache
Philippine Consulate General, New York
Tel: 212 575 7925 or 7926
email: pticny@verizon.net
Mr. Glenn Penaranda
Trade Representative
Philippine Consulate General, Chicago
Tel No: 312 332 6458
email: ggpenaranda@yahoo.com.ph
Reference:
Consul Patricia Ann V. Paez
Press and Information Officer
Tel. No. 202-467-9400
E-mail: pvpaez@aol.com
Mr. Erik Lorenzana (Staff)
Tel. No. 202-467-9432
E-mail: rppress@verizon.net
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