All goods coming into the Philippines are subject to the assessment of import duties, taxes and a value-added tax based upon an article’s fair market value, freight cost and insurance. Import Duties The rate of import duty varies depending on the commodity, ranging from 3% and up. The schedule of rates is listed under Section 104, Tariff and Customs Code of the Philippines (TCCP), as amended. Advance Payment of Duties, Taxes and VAT In order to clear a shipment from Philippine Customs, it will be necessary for Forex to advance the payment of duties, taxes and VAT on behalf of the shipper and/or recipient.
Need to ship a balikbayan box from Florida to the Philippines? Call Forex Cargo Florida.We have a variety of Boxes that will fit your needs. Balikbayan Box Sizes and Prices vary from Branch to Branch. The prices below only applies to areas covered by Forex Cargo Florida which are South Carolina, Georgia, and Florida. FOREX […]