The Department of Finance has notified the University that tax exemptions (VAT, customs duties) for the University has been waived through the TRAIN Law. Units will now have to charge taxes and duties to the Tax Expenditure Fund (TEF) budgeted through the General Appropriations Act. Please contact the Office of the Vice President for Planning and Finance regarding the new regulations.
18 July 2018
Section 25 (c) of the UP Charter (RA 9500) states that:
Importation of economic, technical, vocational, scientific, philosophical, historical and cultural books, supplies and materials duly certified by the Board, including scientific and educational computer and software equipment, shall be exempt from customs duties.
UP units requiring an importation that is governed by the said provision are requested to submit a Letter of Commitment to the Department of Finance through the UP Office of the President. Please follow the guidelines below: