Balikbayan Box Law (BBL) OK to exempt most OFW cargo from taxes – Recto
19 January 2016, Comment are Off
Senate President Pro Tempore Ralph Recto today hailed the passage of the Customs Modernization and Tariff Act (CMTA) which raises to P150,000 the tax-exempt value of pasalubong cargo brought in or sent by overseas Filipinos. Although the provision on the tax treatment of...