Anti-smuggling group goes after automobile importers
The Presidential Anti-Smuggling Group is offering some kind of an amnesty to owners of imported vehicles who did not pay the right amount of taxes.
Undersecretary Antonio Villar Jr., PASG head, said the Voluntary Disclosure Program will raise for the government about P1.4 billion in additional revenues based on estimates that 3,000 imported vehicles with spurious documents have been registered with the Land Transportation Office.
Villar said the 3,000 imported vehicles, mostly high-end luxury models (2004-2007) such as BMW, Mercedes Benz and Porsche, have been registered with the LTO even without the owners presenting the required certificate of payment.
The certificate of payment is being issued by the Bureau of Customs as proof that taxes have been paid on imported vehicles. It is a requirement for registration of imported vehicles with the Land Transportation Office.
Under the program, Villar said, owners of imported vehicles registered with questionable documents, would be able to renew their car’s registration by voluntary paying the right duties and taxes on their vehicles.
Villar said PASG is working closely with the LTO in identifying the owners of the imported cars.
The anti-smuggling czar said that unscrupulous importers undervalued their vehicles to avoid paying the right taxes.
Others misdeclared their imported vehicle as a completely knocked down unit, when it is actually a completely built unit. A CKD fetches lower tax than a CBU.
PASG Director for Intelligence Jaih Francia said the imported vehicles that were registered with the LTO this year with no or questionable certificate of payments were mostly 2004 -2007 high end models.
PASG will take the necessary steps, together with the other government agencies, to collect the right amount of duties and taxes on these vehicles, Francia said.
By Roy Pelovello - Manila Standard Today
Undersecretary Antonio Villar Jr., PASG head, said the Voluntary Disclosure Program will raise for the government about P1.4 billion in additional revenues based on estimates that 3,000 imported vehicles with spurious documents have been registered with the Land Transportation Office.
Villar said the 3,000 imported vehicles, mostly high-end luxury models (2004-2007) such as BMW, Mercedes Benz and Porsche, have been registered with the LTO even without the owners presenting the required certificate of payment.
The certificate of payment is being issued by the Bureau of Customs as proof that taxes have been paid on imported vehicles. It is a requirement for registration of imported vehicles with the Land Transportation Office.
Under the program, Villar said, owners of imported vehicles registered with questionable documents, would be able to renew their car’s registration by voluntary paying the right duties and taxes on their vehicles.
Villar said PASG is working closely with the LTO in identifying the owners of the imported cars.
The anti-smuggling czar said that unscrupulous importers undervalued their vehicles to avoid paying the right taxes.
Others misdeclared their imported vehicle as a completely knocked down unit, when it is actually a completely built unit. A CKD fetches lower tax than a CBU.
PASG Director for Intelligence Jaih Francia said the imported vehicles that were registered with the LTO this year with no or questionable certificate of payments were mostly 2004 -2007 high end models.
PASG will take the necessary steps, together with the other government agencies, to collect the right amount of duties and taxes on these vehicles, Francia said.
By Roy Pelovello - Manila Standard Today
posted by OlongapoCity Zambales at
6:33 AM
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