{"id":63565,"date":"2015-10-26T02:02:56","date_gmt":"2015-10-26T07:02:56","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=63565"},"modified":"2015-10-26T02:02:56","modified_gmt":"2015-10-26T07:02:56","slug":"new-law-to-raise-tax-exemption-ceiling-on-balikbayan-boxes","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/10\/26\/new-law-to-raise-tax-exemption-ceiling-on-balikbayan-boxes\/","title":{"rendered":"New law to raise tax exemption ceiling on balikbayan boxes"},"content":{"rendered":"<figure id=\"attachment_63566\" aria-describedby=\"caption-attachment-63566\" style=\"width: 604px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/10\/Philppine_air_873989542.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-63566 size-large\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/10\/Philppine_air_873989542-1024x768.jpg\" alt=\"(Photo from Wikipedia)\" width=\"604\" height=\"453\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/10\/Philppine_air_873989542.jpg 1024w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/10\/Philppine_air_873989542-300x225.jpg 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/a><figcaption id=\"caption-attachment-63566\" class=\"wp-caption-text\">(Photo from <a href=\"https:\/\/en.wikipedia.org\/wiki\/Balikbayan_box\" target=\"_blank\">Wikipedia<\/a>)<\/figcaption><\/figure>\n<p>Manila\u2014The Balikbayan Box Law (BBL) has been included in the consolidated version of the Customs reform bill yesterday.<\/p>\n<p>According to Sen. Ralph Recto, the BBL intends to raise to P150, 000 the tax-exempt value of \u201cpasalubong\u201dcargo brought in or sent by overseas Filipino workers (OFWs). The law is now part of the proposed Customs Modernization and Tariff Act (CMTA).<\/p>\n<p>\u201cI am glad that Senator (Juan Edgardo) Angara included it in his report,\u201d Recto said in an interview with Manila Bulletin. Sen. Angara, chair of the Senate Ways and Means Committee, sponsored the CMTA bill.<\/p>\n<p>Senate Bill No. 2931, dubbed as Balikbayan Box Law was filed by Sen. Recto after the protests towards Bureau of Customs\u2019 order to open and inspect balikbayan boxes.<\/p>\n<p>In the BBL, the \u201ctotal dutiable value\u201d of the boxes shall not be more than P150, 000 and can only be availed \u201cup to three times in a calendar year.\u201d It is also said in the bill that the articles of the balikbayan box must be \u201cpersonal and household effects only and shall neither be in commercial quantities, nor intended for barter, sale or for hire.\u201d<\/p>\n<p>\u201cThis is to prevent senders from abusing this privilege. With this privilege comes the duty to observe the law. And it also comes with penalties so that smugglers won\u2019t take advantage of it,\u201d Recto said to the Philippine Star.<\/p>\n<p>The tax-exempt ceiling for returning resident who has lived abroad for 10 years who wish to send boxes of \u201cpersonal and household effects\u201d has also been raised to P350, 000.<\/p>\n<p>Sen. Recto expects the Senate to approve the bill before the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manila\u2014The Balikbayan Box Law (BBL) has been included in the consolidated version of the Customs reform bill yesterday. According to &hellip;<\/p>\n","protected":false},"author":33,"featured_media":63566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[249],"class_list":["post-63565","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news","category-news-ph","tag-rewrite","mauthors-katherine-padilla","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/63565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=63565"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/63565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/63566"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=63565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=63565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=63565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}