Philippines Insider" The Ultimate Philippines Travel Guide for Tourists and Expats

Author Topic: Basic info  (Read 125956 times)

Offline MotorSarge

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Re: Basic info
« Reply #45 on: August 20, 2019, 02:34:55 AM »

REPUBLIC OF THE PHILIPPINES 
DEPARTMENT OF FINANCE
BUREAU OF CUSTOMS
MANILA 1099
CUSTOMS ADMINISTRATIVE ORDER (CAO)
NO. 01 - 2018


SUBJECT: AMENDED RULES ON CONSOLIDATED SHIPMENT OF "BALIKBAYAN BOXES"

3.15. Household Effects shall refer to furniture, dishes, linens, libraries, and similar household furnishings for personal use or family use.

3.21. Personal Effects shall refer to commodities whether new or used, for personal use or consumption and not for commercial purposes, such as wearing apparel, personal adornments, electronic gadgets, toiletries, or similar items.

4.1. Qualified Filipinos While Abroad are allowed to send to their Families or Relatives in the Philippines Balikbayan Boxes which shall be exempt from the payment of duties and taxes, up to three (3) times in a calendar year.

4.2. Balikbayan boxes shall contain personal and household effects only and shall neither be in commercial quantities nor intended for barter, sale or for hire, and that the total FCA value for all Balikbayan Boxes per sender in any calendar year shall not exceed One Hundred Fifty Thousand Pesos (Php150,000.00).


Okay so 150000.00 PHPs is about $2,685.00 USDs. If I were to send a box of used hand tools that were about $2,000.00 in value when bought new....what is the formulation of taxing if any on this? Will it be taxed at the value of sale or just as used if any at all. These would be for personal use also.  I'm trying to learn as much as I can before we make our move and I would like to take as many comfort creatures as possible and legally.
MS