Part 5 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 what people should know before dealing with customs and why understanding the process can help you avoid costly mistakes. We discuss common red flags to watch for, including the importance of asking for proper receipts and documents. The conversation also explains why staying ethical and compliant is always the better approach for both businesses and individuals. We also break down how customs brokers compute customs duties, VAT, and other charges using standard formulas and regulations. While the customs website provides a calculator to give you an estimate, we explain why it's still best to consult a licensed customs broker to make sure you're paying the correct amount and following the right process. Join us to learn how to make better decisions when dealing with customs, avoid unnecessary problems, and gain practical knowledge that can save you time, money, and stress. Tune in now!Highlights of the episode:- Spotting Red Flags in Customs : Learn the warning signs to look out for when dealing with customs transactions and why paying attention to small details can help you avoid bigger problems. - Why Receipts Matter : Understand why you should always ask for proper receipts and documents to make sure your transactions are clear and legitimate. - Choosing the Ethical Path : Discover why following the rules and staying compliant is the best way to avoid delays, penalties, and unnecessary risks. - Using the Customs Calculator : Find out how the customs website calculator can help you estimate your costs and what you should know before relying on the results. 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