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Posts tagged with "de minimis"

Various issues weigh on BOC as it drafts e-commerce rules

Various issues weigh on BOC as it drafts e-commerce rules

Aug. 5 | Image by Tumisu from Pixabay As the Bureau of Customs (BOC) drafts its rules on cross-border e-commerce, it finds itself confronted with a multitude of potential issues related to online purchases. The bureau’s key concern is determination of liability,...

BOC releases revised order on duty-, tax-free import of consolidated balikbayan boxes

BOC releases revised order on duty-, tax-free import of consolidated balikbayan boxes

Aug. 28 | Image courtesy of yodiyim at FreeDigitalPhotos.net The Bureau of Customs (BOC) has finally issued the amended order implementing duty- and tax-free importation into the Philippines of consolidated balikbayan (personal effects) boxes. Customs Administrative...

Draft order tackles PH gov’t right of compulsory acquisition for undervalued goods

Draft order tackles PH gov’t right of compulsory acquisition for undervalued goods

Jul. 20 | The draft order outlining Philippine guidelines for implementing the government’s right of compulsory acquisition has been issued. The proposed customs administrative order (CAO) will implement Section 709 and other relevant provisions of Republic...

BOC’s tight balancing act: Trade facilitation and revenue generation

BOC’s tight balancing act: Trade facilitation and revenue generation

Jul. 17 | Much has transpired a year since Philippine Customs Commissioner Nicanor Faeldon assumed the leadership of the Bureau of Customs (BOC) in July 2016. He came into office after the Customs Modernization and Tariff Act (CMTA)–the law that overhauls...

Import 101: Frequently Asked Questions

Import 101: Frequently Asked Questions

Apr. 10 | In recent years e-commerce has grown exponentially, with many offshore purchases now done through online sites. Unfortunately, first-time importers have encountered difficulties when clearing their shipments through customs, resulting in delays and additional...

PH customs rules operationalizing higher de minimis value take effect

PH customs rules operationalizing higher de minimis value take effect

Nov. 21 | The Philippine Bureau of Customs (BOC) guidelines governing duty- and tax-exempt importation of shipments falling within the increased de minimis value of P10,000 and below are now in effect. Customs Commissioner Nicanor Faeldon signed on November 14...

Draft BOC orders on postal items, baggage processing seek feedback

Draft BOC orders on postal items, baggage processing seek feedback

Nov. 21 | A draft customs administrative order (CAO) implementing provisions on the handling of the clearance of postal items and another on the processing of traveler and passenger baggage in the Philippines have been released for public comment. The two drafts...

Draft PH customs order hikes tax exemption for balikbayan boxes

Draft PH customs order hikes tax exemption for balikbayan boxes

Nov. 1 | A draft customs administrative order (CAO) governing the consolidated shipment of duty- and tax-free balikbayan boxes (personal effects from overseas Filipino workers) and increasing their tax exemption is up for public consultation on November 3, with...

New PH Customs order implements advance ruling system

New PH Customs order implements advance ruling system

Oct. 25 | The customs order that establishes an advance ruling system for valuation and rules of origin (RO) concerning import and export merchandise in the Philippines has just been released. Finance Secretary Carlos Dominguez and Customs Commissioner Nicanor...

Draft memo aims to set in motion new PH de minimis rule

Draft memo aims to set in motion new PH de minimis rule

Aug. 30 | The proposed ruling on de minimis stipulates that no duties and taxes are to be collected on goods with a free-on-board or free carrier value of P10,000 and below, a departure from the previous de minimis value of P10. A draft Customs Administrative...