Part 2 Are You Overpaying Duties and Taxes Without Knowing It

Turn your dreams into reality with the FREE Business Breakthrough Starter Kit—available now at mommynegosyo.com!In this episode, we talk about how businesses can know if they are already overpaying or underpaying duties and taxes without realizing it. We discuss why keeping proper receipts for every transaction matters, how the de minimis rule works for importations worth ₱10,000 and below, and why understanding these basic rules can help businesses stay compliant and avoid costly mistakes. We also talk about why transparency from your customs broker or service provider is important. Knowing how your duties and taxes are being handled helps build trust and gives you more confidence in every transaction. Small details can make a big difference when it comes to compliance and long-term business success. Join us to learn practical insights that can help you make better decisions, stay compliant, and gain a better understanding of how duties and taxes affect your business. Tune in now!Highlights of the episode:- Knowing if You Are Paying the Right Amount of Duties and Taxes : Learn the signs that can help you understand if your business may be overpaying or underpaying duties and taxes. - Why Every Transaction Needs a Receipt : Find out why proper receipts are important for compliance, record keeping, and protecting your business. - Understanding the De Minimis Rule : Learn what the ₱10,000 de minimis threshold means and how it affects duties and taxes on imported goods. - The Value of Working With a Transparent Provider : Discover why honesty and clear communication from your provider are important for every transaction. Who is Mommy Negosyo?Myrna “Mommy Negosyo” Tam-Natividad is the first-ever Female Entrepreneur of the Year Awardee of the Department of Trade and Industry in Zamboanga City for 2017 and the prime developer of Grow Your Business, Pinoy! Roadmap® (GYBP! Roadmap®). She was also chosen as one of the 100 Most Influential Filipinas in 2018 by the Global Association of Women called Filipina Women's Network based in the US.Empowering 10,000 Pinays like you to become successful business builders!Connect with Mommy Negosyo:Instagram – https://instagram.com/MommyNegosyoFacebook – https://www.facebook.com/YourMommyNegosyo/Purpose Driven Business Builder Facebook Group – https://www.facebook.com/groups/purposedrivenbusinessbuildersGrow Your Business Pinoy Facebook Group – https://www.facebook.com/groups/GYBPMovementYouTube – https://www.youtube.com/c/MommyNegosyoTikTok – https://www.tiktok.com/@mommynegosyo#MommyNegosyo #businesstips #PinoyBusinessMentor #businesshacks #StartABusiness #NegosyongPinoy