Dutiable Value Basis Shift to Transaction Value

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Republic Act No. 8181: Dutiable Value Basis Shift to Transaction Value

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Title Supreme Court: Dutiable Value Basis Shift to Transaction Value

Law: Republic Act No. 8181

Decision Date: Mar 28, 1996

Republic Act No. 8181 changes the basis of dutiable value for imported articles in the Philippines from Home Consumption Value to Transaction Value, allowing for adjustments to the transaction value by adding certain costs incurred by the buyer, and providing alternative methods for determining the dutiable value if there is doubt or inability to ascertain it.

dutiable value

transaction value

imported articles

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