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Tips: A Detailed Guidebook on Completing Vehicle Import Form Form 1 13 0132 Online

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The Stepwise Tutorial to Vehicle Import Form Form 1 13 0132

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Must-knows concerningVehicle Import Form Form 1 13 0132

good morning wind Omega Paul have youever thought about bringing your car tothe Philippines you're going back to thePhilippines and you want to bring yourcar I did but at the time I did Ichecked it out and it says that my carhas to be five years or younger and mycar is older than five years of I adoptthe idea and decided to just go aheadand get rid of my car here and just buyanother one in the Philippines but nowthings may have changed so I'm going totalk to you about it hang loose let'smove onI did a recent research and I found outthat things may have changed from thetime I looked at it which is about twoyears ago I looked at the requirementsand I did not see any requirement thatyour car has to be younger than fiveyears old so you may want to consider itbut before you decide that's what you'regoing to do take a look at what isinvolvedget your own quotation or estimateregarding shipping costs because thatwill vary depending on what kind of caryou have and where you're headed okaywhere you headed to Cebu Davao or someother province so take a look at thatbut this is in terms of paperwork thatis involved this is what I'm going totalk about and we're not going to talkabout other possessions you have thatwould be another subjectwe'll talk army about car okay which isa special handling so to speak it'sgoing to be separate from your otherpersonal stuff or household goods tomake these things simpler because itcould be a little bit complicated but tomake it simpler I'm going to put it onPowerPoint presentation so let's move onthe following individuals are allowedallowed to bring used motor vehiclenumber one returning residents aFilipino citizen who has stayed in aforeign country for at least one yearand which residency shall be accumulatedwithin the three-year period immediatelypreceding the date of filing of theapplication then we're going to talkabout immigrant a person a person thatis issued any of the following type ofvisa under the Philippine immigrationlaw a former Filipino citizen and aholder of 13g visa that's a permanentresident visa for former Filipino thosewho do not want to get a dualcitizenship want to go back home but canit just a I want to stay moreor longer than what i balikbayan couldwhich is one year well in their casethey will have to obtain a permanentvisa or 13g that's like being a greencard holder in the United States aforeign national married to a Filipinaand a holder of 13 a visanow that specifically reserved forforeign nationals married to a Filipina13a as you can see there is no mentionhere of those with s RR v that's asenior retirement resident I can'tremember what who had the meaning ofthat acronym is as RR v visa first youmust know whether the car you you haveis used or not now this is the criteriaif you meet the following it is usedokaythe motor vehicle is not this year'smodel it's now 2020 as long as it's 2019and prior you're good the car has beenpreviously registered the car has beenpreviously registered meaning in thatthing that's including the dealer by theway so the first legislation the dealerand then once you buy it it getsregistered to you the car has beendriven more than 50 kilometers andthat's about 32 miles well we couldeasily meet that because here in theUnited States by the time you pull outyour brand new car it already has somemileage in it 32 miles is easy you arenot the first owner including the dealerthat is okay so counting the dealer youare at least for a brand new car you hada second owner I did not see this is1important I did not see the requirement1that your car has to be five years old1or younger1this requirement must have been1eliminated so what at the time you're1thinking of doing this by the time you1get all the necessary paperwork together1please be sure to verify this because it1was there before on the website and now1I don't see it1if you're importing a car one of the1most important question is is my car1subject to tax and duties how much will1I have to pay every car is subject to an1average rate of 40% customs duty and1that's about 10 to 12 percent on back1plus an ad valorem tax of 15 to 1001percent on average the plan the blended1rate on average you end up paying1roughly 40 percent ad valorem tax is1dependent on the piston displacement of1the car okay the tax base depends on the1cars Book value not the purchase or1acquisition price use of the red book1value the I'm sorry use of the red book1the blue book and the world book1depending on the cars origin that is1going to be used to value your car so if1you bought a car for thirty thousand and1now it's only worth ten thousand1according to this blue book or red book1value well you will only pay the forty1percent on the ten thousand or four1thousand dollars if you wish to inquire1about how much tax you'll have to pay1since I can tell and nobody can tell you1can send the following information to1the beauty of customs in Manila number1one make and model number two the year1of the car model year piston1displacement vehicle ID number or the1chasis number and a copy of your1registration keep in mind the Philippine1government wants you to buy local car1due to economic reasons which is why the1import taxes are so high also part sent1in sub if you bring with you parts1replacement parts that is separately tax1as well in addition to this cost you1must pay for shipping and sometimes1storage cost it is important that you1have a prior import Authority that's1that's called BIA if not it may be taken1by cost the car may be taken by customs1and you will have to pay a lot of money1to get it back like1storage and such you can receive BIA by1submitting the following documents to1the Bureau of import Services proving1that one you will stay for one year in1the Philippines - that you obtain the1car legally that means they're looking1for a proof of payment and the third one1is that the car is registered for at1least six months before shipping it to1the Philippines so if it's now 2020 say1oh my car is 2019 I passed not yet1because you need to have six months of1ownership and if you don't have it if1you don't own it for six months it will1still be considered a brand-new car now1you can send this this is the address of1the bureau of import services at the1third floor welding industries of the1Philippines Philippines building 3491senator Hill PA avenue makati city metro1manila telephone number is six three two1eight nine five seven four six six there1you have it as you can see it's a little1bit elaborate so I don't know if you1want to go through it or not you may not1be paying as much tax if your car is old1but you may still pay a higher amount1because of the tax rate 40 percent tax1rate and by the way that's an average it1could be a little less it could be a1little bit more and that is the 12% back1plus 15 to 100% blended rate you'll pay1about roughly forty percent so in1addition to that so if you have a car1that's worth that you bought for thirty1thousand and now the Blue Book value is1only about ten thousand you will compute1the tax only ten thousand dollars that1is something to think about before you1decide to go ahead and do it and keep in1mind that the only reason they are doing1this on the Philippines is doing this is1for the economy they really want people1or us2to spend money to buy it in the2Philippines this way the economy will2improve and they will also collect the2tax that's the reason why imported2products in the Philippines are so2expensive because they tack on 40% or2more okay so just understand that and so2you don't get hurt too much that's just2like President Trump doing to the China2by imposing the tariff in order to2negotiate because it's it's ridiculous2that we're giving them tax free and then2when we send products to China they tax2us like you won't believe2so that is the reason for this2perception it's not right wrong or2indifferent it's what you want to2achieve in the Philippines they want to2improve the economy okay so I hope you2enjoy this topic and please do share it2with other people do hit like and2subscribe to my channel please I will2really appreciate that thank you so much2and make it a great day

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Vehicle Import Form Form 1 13 0132 FAQs

Read the below common problems about Vehicle Import Form Form 1 13 0132. Speak to directly if you still have other queries.

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How do you know if you need to fill out a 1099 form?

It can also be that he used the wrong form and will still be deducting taxes as he should be. Using the wrong form and doing the right thing isnt exactly a federal offense

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