Here’s how to get your safeguard tax refund from Honda Cars PH
The past week has been good for the local automotive industry with the Department of Trade & Industry (DTI) finally suspending its collection of safeguard bonds from car companies. As a result, several car companies who collected these bonds from customers will now have to return them.
Honda Cars Philippines, Inc. (HCPI) has released its guidelines for the standard process flow for the refund of the provisional safeguard deposit cash bond. Customers may already start processing their refund requests.
For a safe and convenient process, customers may claim their safeguard deposit refund through the following steps:
Customers may download the Safeguard Refund Form online through: https://bit.ly/3m4dwEr
A complete Safeguard Refund Form, along with attached requirements must be submitted to dealers with the following requirements:
- Signed and accomplished Safeguard Refund Form
- Acknowledgement / collection / provisional receipt
- Vehicle sales invoice
- Vehicle’s official receipt and certificate of registration
- One (1) valid government-issued identification card
- For those who prefer to receive their refund via bank deposit instead of cheque, customers must indicate their bank details in the Safeguard Refund Form. Otherwise, refund release will automatically be in actual cheque for claiming at the dealership.
The dealer shall validate requirements and form of customer. If eligible for Safeguard Refund, customers will be receiving an update from their dealership of transaction where their refund is for processing.
Once the refund has been processed and approved, the dealer shall contact the customer once the Safeguard
Refund is ready for release, either for deposit or for
cheque release at the dealership.
Upon claiming the refund, customers must bring the original documents for verification. For health, safety, and security purposes, online process and verification may be applied by the dealer and customers as well.
Unlike other companies who also collected safeguard bonds, Honda Cars Philippines has decided to shoulder most of the bonds, requiring customers to pay a smaller amount instead.
