Mazda Philippines is the latest car manufacturer to announce the effect of the DTI’s Safeguard Duty, but unlike other brands, it will so far affect just two models: the Mazda3 and MX-5.
Starting today, all Mazda3 variants—Sedan Premium, Sportback Premium, and Speed as well as MX-5 variants—Soft Top, Retractable Fastback, and Club Edition will be levied with a P 70,000 (VAT exclusive) security deposit.
Similar to moves done by other Japanese carmakers, this amount is refundable. Customers may be refunded if the Tariff Commission rules against the DTI’s imposition of safeguard duties. That said, in case the safeguard duties become permanent, customers will have to pay the additional VAT on the security deposit.
On a positive note, only those variants of the Mazda3 and MX-5 are affected by the safeguard duties as there are ample stocks (they arrived before February 1, 2021) of the Mazda2, Mazda3 Sedan Elite and Sportback Elite, Mazda6, CX-3, CX-30, CX-9, and BT-50. In addition, the CX-5 and CX-8 are exempted from the DTI safeguard duty because they are sourced from Malaysia.
Check out the full FAQ below:
What is the provisional Safeguard Duty on imported vehicles?
It is a provisional Safeguard Duty imposed by the Bureau of Customs (BOC) on imported passenger and light commercial vehicles as mandated by the Department of Trade and Industry Administrative Order (DAO) No. 20-11.
It is a provisional Safeguard Duty imposed by the Bureau of Customs (BOC) on imported passenger and light commercial vehicles as mandated by the Department of Trade and Industry Administrative Order (DAO) No. 20-11.
What is the rate of the provisional Safeguard Duty imposed by the BOC?
Safeguard Duty Rate is P 70,000 (VAT exclusive) for Passenger Vehicles.
Safeguard Duty Rate is P 70,000 (VAT exclusive) for Passenger Vehicles.
Which Mazda vehicles are affected by the provisional Safeguard Duty?
In accordance with the provisional Safeguard Duty, Mazda Philippines will be collecting a security deposit beginning March 1, 2021, for every purchase of these vehicles:
In accordance with the provisional Safeguard Duty, Mazda Philippines will be collecting a security deposit beginning March 1, 2021, for every purchase of these vehicles:
- Mazda3 Sedan Premium, Sportback Premium, and Speed
- Mazda MX-5 Soft Top, Retractable Fastback, and Club Edition
No security deposit is required on the Mazda2, Mazda3 Sedan Elite and Sportback Elite variants, Mazda6, CX-3, CX-30, CX-9, and BT-50, as the current stocks arrived in the country prior to February 1, 2021.
The Mazda CX-5 and CX-8 are exempted from DAO No. 20-11. Thus, no security deposit is also required.
How will it affect Mazda clients?
From March 1, 2021, a security deposit will be collected when you purchase a Mazda3 Sedan Premium, Mazda3 Sportback Premium, Mazda3 Speed, Mazda MX-5 Soft Top, MX-5 Retractable Fastback, or MX-5 Club Edition. An acknowledgment receipt will be given upon the payment of the security deposit.
From March 1, 2021, a security deposit will be collected when you purchase a Mazda3 Sedan Premium, Mazda3 Sportback Premium, Mazda3 Speed, Mazda MX-5 Soft Top, MX-5 Retractable Fastback, or MX-5 Club Edition. An acknowledgment receipt will be given upon the payment of the security deposit.
What happens to my security deposit?
If the Tariff Commission decides that there is no basis to impose Safeguard Duties and such deposit is returned to the distributor and the dealership, the security deposit will be returned to you, the customer, through your respective dealerships. However, in case of the permanent imposition of Safeguard Duties, you will pay the corresponding additional VAT on the security deposit.
If the Tariff Commission decides that there is no basis to impose Safeguard Duties and such deposit is returned to the distributor and the dealership, the security deposit will be returned to you, the customer, through your respective dealerships. However, in case of the permanent imposition of Safeguard Duties, you will pay the corresponding additional VAT on the security deposit.
How do I refund my security deposit?
You may claim your security deposit at your respective dealers by presenting a government-issued ID and the acknowledgment receipt that was issued to you when you made the purchase.
You may claim your security deposit at your respective dealers by presenting a government-issued ID and the acknowledgment receipt that was issued to you when you made the purchase.
Source: Car Guides PH
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