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    Let J. Cabrera
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    This document provides a computation of duties and taxes for an international trading company importing goods into the Philippines. It lists the FOB price, insurance, freight, and CIF value. It then calculates the taxable value, duties, and various fees including brokerage, wharfage, and import processing fee. The total landed cost is provided. Applying a 12% VAT rate results in a VAT amount due of 113,354.68 PHP. A summary of payments lists the VAT owed along with various other fees and duties for a total of 115,186.68 PHP in duties.

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    This document provides a computation of duties and taxes for an international trading company importing goods into the Philippines. It lists the FOB price, insurance, freight, and CIF value. It then calculates the taxable value, duties, and various fees including brokerage, wharfage, and import processing fee. The total landed cost is provided. Applying a 12% VAT rate results in a VAT amount due of 113,354.68 PHP. A summary of payments lists the VAT owed along with various other fees and duties for a total of 115,186.68 PHP in duties.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    7 views1 page

    Com 600 Dining

    Uploaded by

    Let J. Cabrera
    This document provides a computation of duties and taxes for an international trading company importing goods into the Philippines. It lists the FOB price, insurance, freight, and CIF value. It then calculates the taxable value, duties, and various fees including brokerage, wharfage, and import processing fee. The total landed cost is provided. Applying a 12% VAT rate results in a VAT amount due of 113,354.68 PHP. A summary of payments lists the VAT owed along with various other fees and duties for a total of 115,186.68 PHP in duties.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    GUANGZHOU W.Q.S INTERNATIONAL TRADING CO., LTD.

    COMPUTATION OF DUTIES AND TAXES

    FOB - $ 15,600.00
    INS. - 312.00
    FRIEGHT - 1,000.00
    CIF - $ 16,912.00
    ROE - 55.238
    DV IN PESO - PHP 934,185.06

    TAXABLE VALUE - PHP 934,185.06


    BANK CHARGES - 0.00
    CUSTOMS DUTIES - 0.00 (PHP 140,127.76)
    BROKERAGE FEE - 6,217.73
    ARRASTRE - 1,955.25
    WHARFAGE - 604.35
    CDS - 280.00
    IPF - 1,000.00
    TOTAL LANDED COST- PHP 944,242.39
    RATE OF TAX - 12%
    VAT - PHP 113,354.68

    SUMMARY OF PAYMENTS

    VAT - PHP 113,354.68


    IPF - 1,000.00
    CDS - 250.00
    IRS - 30.00
    CSF - 552.00
    TOTAL DUTIES - PHP 115,186.68

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