TOPIC 12 – EXCISE TAX ON USED AUTOMOBILES (QUIZ)

A Filipino businessman from US brought with him 1 unit traditional automobile, 1,500 cc gasoline engine displacement, 2017 yr. model, 5 seater, with book value of $12,000.00. The bill of lading indicated freight charges of $1,100.00 while the total miscellaneous expense was P6,949.11. If rate of exchange was P43.50/$1.00, how much is the ad valorem tax, inclusive of value-added tax?

• P18,906.76

• P16,881.04

• P77,489.81

• P86,788.59

A Korean ambassador sold his 1 unit traditional automobile, 5 seater, 2,500 cc diesel engine displacement to a Dutch ambassador stationed here in Manila. The automobile was imported as brand new by the Korean ambassador 3 years ago. If the BOC assessed the depreciated value of $18,500.00, how much is the ad valorem tax, inclusive of value-added tax, using rate of exchange P42.50/$1.00?

• P204,481.00

• P229,018.72

• P71,576.75

• P80,165.96

A Chinese diplomat stationed in Manila sold his 10 seater traditional passenger van, he imported last 2020 from China to a Filipino employed at their embassy. The book value amounted to CN¥ 275,200.00. The following are the exchange rates: P46.25 to $1.00, $0.15 to CN¥ 1.00, P8.17 to CN¥ 1.00. How much is the ad valorem tax paid to BOC?

• P458,373.37

• P377,784.56

• P423,118.71

• P604,428.36

A Filipino businessman from Indonesia brought with him 1 unit hybrid automobile, 2018 yr. model, 5 seater, with assessed dutiable value of P775,100.00 while the miscellaneous expense was P8,018.88. How much is the ad valorem tax, inclusive of value-added tax?

• P203,129.78

• P227,505.35

• P101,564.89

• P113,752.68

A Filipino returning diplomat brought with him 1 unit – traditional automobile, 2020 yr. model, 5 seater, 2,000 cc engine displacement from US. The shipment had total FOB value of $35,000.00 while the bill of lading indicated freight charges of $2,100.00. The total miscellaneous expense was assessed at P8,387.21 while the DOF partial exemption was $5,000.00. Using rate of exchange P47.80/$1.00, how much is the ad valorem tax, value-added tax included?

• P313,394.01

• P279,816.08

• P344,441.68

• P385,774.68

An American diplomat sold his 5 seater, traditional automobile, 2022 yr. model to a customs broker working in Manila. The customs value was $45,000.00 while the exchange rate was P44.60/$1.00. How much is the ad valorem tax, net of value-added tax?

• P521,876.00

• P469,694.00

• P526,057.28

• P584,501.12

A Filipino returning resident brought with him 1 unit – traditional automobile, 2018 yr. model, 5 seater, 2,100 cc engine displacement from France. The shipment was assessed a total dutiable value of P879,500.00. The total miscellaneous expense was P8,149.38. How much is the value-added tax?

• P151,997.92

• P153,151.11

• P165,815.91

• P138,179.93

A returning DFA official brought with him a 2019 yr. model passenger van, 12 seater, with petrol engine and electric motor for motive power from Germany. The shipment had customs value of EUR 15,015.00. The bill of lading shows ocean freight charges of $1,300.00. The DOF partial exemption was $3,000.00. The miscellaneous expense was P7,147.11. The exchange rates were as follows: P56.30/$1.00, $1.10/EUR 1.00 and P61.92/EUR 1.00. How much is the ad valorem tax paid to BOC?

• P23,214.75

• P26,000.52

• P11,607.37

• P13,000.25

An Indonesian diplomat sold his 1 unit traditional passenger van, 2016 yr. model, 12 seater, 1,991 cc gasoline engine displacement to a Filipino lawmaker in Cebu. The shipment had book value of IDR 333,651,485.00. The miscellaneous expense was P7,269.22. The exchange rates were as follows: P53.47/$1.00, $0.000067/IDR 1.00 and P0.0038/IDR 1.00. Compute the customs duty.

• P126,787.64

• P190,181.45

• P253,575.17

• P380,362.75

A Chinese diplomat sold his 1 unit traditional automobile, 2021 yr. model, 5 seater, 2,100 cc diesel engine displacement to an American diplomat stationed here in Manila. The shipment was assessed with dutiable value of P1,150,000.00. How much is the total amount due to BOC?

• P859,376.00

• P859,506.00

• P860,506.00

• P130.00