Filipinas — Carne Suína

changed: On 8 November 2024, the government of the Philippines issued Republic Act No. 12066, providing VAT exemptions on imports of goods conducted by registered export enterprises whose export sales are at least 70% of the total annual production of the preceding taxable year. The VAT is reduced from 12% to 0%. According to the regulation, the stated objective is to promote the Philippines as a prime investment destination. “With more foreign direct investments that CREATE MORE is expected to generate, more Filipinos will have better employment opportunities that will, in turn, redound to stronger domestic consumption, one of the major drivers of the local economy,” Senator Sherwin Gatchalian said The regulation will enter into force on 23 November 2024.

static: On 21 May 2022, the Philippines government issued Executive Order No.171, temporarily reducing import duties on the following products: corn from 35% to 5% for a quota of 216,940 MT in 2022; and fresh, chilled, or frozen swine meat from 30% to 15% for a quota of 200,000 MT in 2022. The objective was to meet the domestic demand for these products facing the global supply disruption due to the Russia-Ukraine conflict. The regulation entered into force from 5 June 2022 to 31 December 2022. Update On 29 December 2022, the government of the Philippines issued Executive Order No.10/2023, extending the above measure until 31 December 2023. On 22 December 2023, the government of the Philippines issued Executive Order No.50/2023, extending the above measure until 31 December 2024.

static: On 21 May 2021, the Philippines issued Executive Order No. 171, temporarily reducing the out-of-quota import duties on corn from 50% to 15% and fresh, chilled, or frozen swine meat from 40% to 25% in 2022. Additionally, the regulation also temporarily exempted import duties on coals. The affected products were under HS codes 270111, 270112, and 270119. The import duties were reduced from 1% and 7% to 0%. The objective was to meet the domestic demand for these products facing the global supply disruption due to the Russia-Ukraine conflict. The regulation entered into force from 5 June 2022 to 31 December 2022. Update On 29 December 2022, the government of the Philippines issued Executive Order No.10, extending the above measure until 31 December 2023. On 22 December 2023, the government of the Philippines issued Executive Order No.50/2023, extending the above measure until 31 December 2024.

static: On 7 April 2021, following the issuance of the Philippines issued Executive order No. 128, the Philippines temporarily reduced the import duties on fresh, chilled, or frozen swine meat from 30% to 10% for a quota of 54,210 MT in 2021. The annual import quota on fresh, chilled, or frozen swine meat did not change from 2020 to 2021. The regulation aimed to address the shortage of swine meat in the Philippines. The regulation came into force from 1 April to 31 December 2021. Update On 15 May 2021, the Philippines issued Executive Order No. 134, temporarily increasing import duties on fresh, chilled, or frozen swine meat set out in this regulation (see related act).

static: On 7 April 2021, following the issuance of the Philippines issued Executive order No. 128, the Philippines temporarily reduced the out-quota import duties on fresh, chilled, or frozen swine meat from 40% to 20%. The annual import quota on fresh, chilled, or frozen swine meat was 54,210 MT in 2021, and this amount did not change from the quota in 2020. The regulation aimed to address the shortage of swine meat in the Philippines. The regulation came into force from 1 April to 31 December 2021. Update On 15 May 2021, the Philippines issued Executive Order No. 134, temporarily increasing import duties on fresh, chilled, or frozen swine meat set out in this regulation (see related act).

static: On 7 April 2021, the Philippines issued Executive order No. 128, temporarily reducing import duties on fresh, chilled, or frozen swine meat from 30% to 5% for a quota of 54,210 MT in 2021. The annual import quota on fresh, chilled, or frozen swine meat did not change from 2020 to 2021. The regulation aimed to address the shortage of swine meat in the Philippines. The regulation came into force from 1 January to 31 March 2021. Update On 15 May 2021, the Philippines issued Executive Order No. 134, temporarily increasing import duties on fresh, chilled, or frozen swine meat set out in this regulation (see related act).

static: On 7 April 2021, the Philippines issued Executive order No. 128 to temporarily reduce the out-quota import duties on fresh, chilled, or frozen swine meat from 40% to 15%. The annual import quota on fresh, chilled, or frozen swine meat was 54,210 MT in 2021, and this amount did not change from the quota in 2020. The regulation aimed to address the shortage of swine meat in the Philippines. The regulation came into force from 1 January - 31 March 2021. Update On 15 May 2021, the Philippines issued Executive Order No. 134, temporarily increasing import duties on fresh, chilled, or frozen swine meat set out in this regulation (see related act).