RMC No. 30-2023 — Reiterates the basis of the Total Landed Value of imported automobiles as defined under RR No. 25-2003 in the processing of applications for Electronic Authority to Release Imported Goods (eATRIG) by importers of automobiles

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE RiREAU OF INteR IAT rFVENUE N3 11:10 am MAR 15 2023 iYD N

Quezon City RECORDS MGi.DIViSICN GUC

February 27, 2023

REVENUE MEMORANDUM CIRCULAR NO. 30-2023

SUBJECT Reiterating the Basis of the Total Landed Value of Imported Automobiles as Defined Under Revenue Regulations No. 25-2003 in the Processing of Applications for Electronic Authority to Release Imported Goods (eATRIG) by Importers of Automobiles

TO All Internal Revenue Officers, Employees, and Others Concerned

computation of the Total Landed Value as defined under Sec. 2 (h) of Revenue Regulations No. 25-2003 dated September 16, 2003 to wit: This Circular is being issued to inform Importers of Automobiles of the basis for the

reference books, such as the Japanese and U.S. Red Book, Karo and World Car amended, whichever is higher; (ii) customs duties paid on the imported goods; and market value of the motor vehicles. imported as indicated in the motor vehicle Book on automobile utility vehicles and other motor vehicles, or the dutiable value. as defined in Sec. 201 of the Tariff and Customs Code of the Philippines"as (iii) all other charges arising from, or incident to, the importation.: "(h) TOTAL LANDED VALUE -- shall refer to the total of the (i)

proper market valuation of imported automobiles. Value of imported Automobiles, items (i), (ii) and (iii), as enumerated above, shall be considered. This Bureau uses the U.S. Auto Red Book Online Price Digests as its reference for determining the Based on the above definition, it is reiterated that in the computation of the Total Landed

on the following: The computation of the ad valorem tax due on such imported automobiles shall be based

Importer of Automobiles for personal or .company use or not engaged in business as Dealer of Importer and at the same time engaged in business as Dealer of Automobiles Automobile Description Basis of Valuation (per Auto Red Book Online Price Digests) Wholesale Price Retail Price

as Dealer of Automobiles" shall mean that the importer/dealer of automobiles must satisfy the following requirements: For purposes of this RMC, Item 1, "Importer and at the same time engaged in business

b.) Has dealership agreement/contract with foreign suppliers/manufacturers; d.) Imports by bulk or a minimum of twelve (12) units in a twelve-month period; and a.) He/she/it must be a holder of Permit to Operate (PTO) as Importer and Dealer of c.) Maintains a showroom or registered storage/warehouse facility; automobiles for excise tax purposes;

e.) The imported automobiles are for sale to customers.

satisfy the foregoing requirements shall be based on retail price. The computation of the ad valorem tax due on automobiles in cases where Importers -do not

a publicity as possible. All concerned are hereby enjoined to be guided accordingly and give this Circular as wide

This Circular shall take effect immediately.

ROv UMAGUK JR Comassioner of Internal Revenue 004957

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RIREAU OF INTERAT REVENUE

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REGORDS MG I.DiuiSICN O4 JU