Here's the basic formula: { Landed Cost + (3% to 50%) Import Tax } * 12% Value Added Tax = Net Landed Cost The net landed cost is between 15% to 62% on top of the basic cost. Now the distributor has to make a profit from the cost of the product and the taxes involved in importing the goods. Read more in our articles including "How your gadgets are priced in the Philippines" and "Fujifilm Instax Share SP-1 to hit stores in February".
Here's the basic formula: { Landed Cost + (3% to 50%) Import Tax } * 12% Value Added Tax = Net Landed Cost The net landed cost is between 15% to 62% on top of the basic cost. Now the distributor has to make a profit from the cost of the product and the taxes involved in importing the goods.
Our coverage of import tax on electornics includes: "How your gadgets are priced in the Philippines"; "Fujifilm Instax Share SP-1 to hit stores in February"; "Davao taxis now accept fare payments via on-board ATM". Each article provides unique insights and information.