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Spanish Customs Law which was similar to that of the Indies enforced in the country from 1582 to 1828. It was a concept of ad valorem levied on import and export. A Tariff Board was established which drew up a tariff of fixed values for all imported articles on which ten percent (10%) ad valorem duty was uniformly collected.
The Civil Code governs private law in the Philippines, including obligations and contracts, succession, torts and damages, property. It was enacted in 1950. Book I of the Civil Code, which governed marriage and family law, was supplanted by the Family Code in 1987. [2] Republic Act No. 6657: Comprehensive Agrarian Reform Code
The amended Section 105 of the Tariff and Customs Code provides duty-free and tax-free privileges to balikbayan boxes sent to the Philippines by overseas Filipino workers (OFWs), as recognition for their labors in foreign lands and bringing additional foreign revenue annually, which contributed to the ongoing national recovery effort. [10]
The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...
Parties are permitted to subdivide the HS Nomenclature beyond 6-digits and add their own Legal Notes according to their own tariff and statistical requirements. Parties often set their customs duties at the 8-digit "tariff code" level. Statistical suffixes are often added to the 8-digit tariff code for a total of 10 digits.
Customs Modernization and Tariff Act (GMTA) 2016-06-10: 10864: Amending the National Internal Revenue Code of 1997 or RA 8424: Defining Raw Sugar or Raw Cane Sugar 2016-06-23: 10865: Converting a Regional Hospital into a Medical Center: Mayor Hilarion A. Ramiro Sr. Medical Center 2016-06-23: 10866: Batanes Responsible Tourism Act 2016-06-23: 10867
Previously, only decision, judgment, ruling or inaction of the Commissioner of Internal Revenue, the Commissioner of Customs, the Secretary of Finance, the Secretary of Trade and Industry, or the Secretary of Agriculture, involving the National Internal Revenue Code and the Tariff and Customs Code on civil matters are appealable to the Court of ...
Second to the BIR in terms of revenue collection, the Bureau of Customs (BOC) imposes tariffs and duties on all items imported into the Philippines. According to Executive Order 206, returning residents, Overseas Filipino Workers (OFW's) and former Filipino citizens are exempted from paying duties and tariffs. [12]