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Press Release: |
20 January 2006
PGMA Lifts Additional Import Duty On Used Vehicles Brought By Filipinos Returning To Rp
Beginning 31 January 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. 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 the Philippine Consulates
General in the United States: |
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