We overheard that there is a new surprise.
Goods Php 10000 and below coming in to the country there will be no tax.
This is because of the new Customs modernization and tarif act of 2016.
This would be beneficial to our citizens here in the country.
We thank the administration for this move.
For goods higher than the said value will have certain tax.
For balikbayans that were out if the country for 10 years, free tax on goods is 350k.
5- within in 10 years 250k free tax on goods. Below 5 years is 150k.
You may watch the video on this link .
Source: Abs- Cbn News