No more tax on balikbayan boxes starting Dec. 25

THE Duterte administration has come up with the rules exempting balikbayan boxes from taxes to be effective on Christmas Day, the Bureau of Customs (BOC) said.

The implementing rules and regulations (IRR) concerning the consolidated balikbayan boxes will take effect on December 25 after the BOC and the Department of Finance (DOF) signed Customs Administrative Order (CAO) 05-2016.

CAO 05-2016 serves as the IRR on Section 800 (g) of the Customs and Modernization and Tariff Act (CMTA), and covers the sending of balikbayan boxes by Qualified Filipinos While Abroad (QFWA) to their families and relatives. (MORE)