![]() ![]() It will increase $0.04 (₱2.00) each year until it reaches $0.80 (₱43.00) in 2024, and increase 6 percent effective on January 1, 2025, and every year thereafter.įor more information, please see Philippines: New Excise Tax Structure for Alcohol Products.įorex Rate at ₱54 = $1 as of JImport Requirements for Agricultural Products Other Fermented Liquorįor 2022, the specific tax on other fermented liquor including beer is $0.72 (₱39.00) per liter. More sparkling wines are expected to enter the market boosted by the lower excise tax. This is a departure from the previous tax structure which varied according to the wine type, price, and alcohol content. The rate will increase 6 percent effective on January 1, 2023, and every year thereafter. WinesĪ specific tax of $1 (₱54.06) per liter is levied on all types of wines. The ad valorem tax puts imported alcohol products at a price disadvantage compared to alcohol products made from locally sourced ingredients. The ad valorem tax on distilled spirits is 22 percent of the net retail price (excluding excise tax and value added tax). 11467 provides a structure for increasing excise taxes each year and the law does not include a sunset provision. 1 of 1998, established rules for implementing TRQs and allocating import licenses.įor further assistance, kindly contact Excise Taxes on Alcohol Products Administrative Order (A.O.) 9 of 1996, as amended by A.O. Currently, an additional special safeguard duty is in place for chicken meat, which effectively doubles the rate of out-of-quota tariff protection. The President also issued Executive Order 133 on May 11, 2021, raising the Minimum Access Volume or tariff-rate quota of pork imports from 54,210 MT to 254,210 MT.Īt present, a few TRQ products have achieved unified in-quota and out-of-quota tariff rates, including chicken, frozen or chilled (40%) turkey livers, frozen or chilled (40%) potatoes, fresh and chilled (40%) and roasted coffee beans (40%). ![]() On May 15, 2021, Executive Order 134 was issued, setting pork tariffs lower than the original 30% in-quota and 40% out-quota rates. Responding to surging pork prices due to African swine fever’s devastating impact on the hog sector, the Philippines has temporarily lowered pork tariff rates and increased the quota volume. The order places the MFN duty in line with the ASEAN rate of 35% and will expire in one year. agricultural products (including frozen potatoes and some dairy products) returning to their higher previous levels.Īiming to diversify market sources and maintain affordable rice prices, on May 15, 2021, former President Duterte signed Executive Order 135, levying a unified rate of 35% duty for both in- and out-of-quota Most Favored Nation (MFN) tariff rates. Other tariff concessions given to trading partners have expired with the passage of RA 11203, with the rates of several major U.S. EO 123 separates the matter of lower tariff rates from the previous tariff concessions given to trading partners in connection with the Philippines’ quantitative restrictions on rice imports. Scheduled to increase to 40% on January 1, 2021, local stakeholders successfully petitioned to preserve the lower duty through December 31, 2022. 123, maintaining the 5% tariff on mechanically deboned or mechanically separated poultry meat (MDM/MSP). On January 18, 2021, former President Duterte signed Executive Order No. 8178 or the Agricultural Tariffication Act of 1996, replacing quantitative restrictions (QR) on rice imports with tariffs. 11203 or “An Act liberalizing the importation, exportation, and trading of rice, lifting for the purpose the quantitative import restriction on rice, and for other purposes.” The law amends RA No. On February 14, 2019, former President Rodrigo Duterte signed into law the Republic Act (RA) No. In-quota and out-of-quota tariff rates averaged 36.5% and 41.2%, respectively, and have not changed since 2005. ![]() These products are subject to a tariff-rate quota (TRQ), and all imports outside the minimum access volume are taxed at a higher out-of-quota rate. The Philippines maintains a two-tiered tariff policy for sensitive agricultural products, including rice, corn, pork, chicken meat, sugar, and coffee. The simple average bound tariffs on agricultural products stand at 35% in 2020. Economic Development Organizations (EDO).Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.
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