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Philippine retailers urge lowering import tax exemption to protect local businesses and boost revenue.
The Philippine Retailers Association (PRA) is calling for changes to the de minimis rule, which exempts goods valued at P10,000 or less from import taxes.
The PRA suggests lowering this threshold, limiting tax-free imports to once a month per consumer, and taxing goods intended for commercial resale.
These changes aim to reduce the influx of low-quality goods, protect local businesses, and increase government revenue.
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Los minoristas filipinos instan a reducir la exención de impuestos de importación para proteger a los negocios locales y aumentar los ingresos.