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ACC eyes Asean BMW suppliers

Asian Carmakers Corp. (ACC), the country’s official BMW distributor, is considering importing its vehicles from Asean neighbors, instead of continuing sourcing its supply from Germany and the United States. The shift may be made if the planned higher excise tax on cars will affect demand for BMW vehicles, a top official said. Company president Maricar […]

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Senators warn P6 tax on fuel inflationary

The government proposal to impose excise taxes on fuel could lead to price increases that would burden poor Filipinos, two senators said on Sunday. Sen. Sonny Angara, chair of the Senate ways and means committee, said the Department of Social Welfare and Development (DSWD) was against the P6 excise tax on fuel under the administration’s […]

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European chamber wants status quo on car taxes

The European Chamber of Commerce of the Philippines (ECCP) is worried over the looming increase in excise tax on automobiles, raising concern that this will push European car makers “to be even more disadvantaged” in the local market, a top official said. ECCP president Guenter Taus said that European brands in the local car market […]

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Senate wants higher taxes on third, fourth vehicle

How about imposing higher taxes on the third or fourth car that would be registered under the same name? This was one option that Senator Sonny Angara, chair of the Senate committee on ways and means, would like the Department of Finance (DOF) to study. “To free up road space, we will look into imposing […]

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Campi: Higher excise tax on vehicles ‘sending wrong signal’ to automotive investors

Auto industry players said the Department of Finance was sending a wrong signal to investors with its plan to raise excise taxes on vehicles, even as the government maintained that higher prices would not necessarily deter purchases. “Campi (the Chamber of Automotive Manufacturers of the Philippines Inc.) fully supports the initiative of government to raise […]

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DOF: Strong vehicle sales to continue despite higher excise taxes

MANILA —  The Department of Finance expects robust vehicle sales to continue even as the higher excise taxes to be slapped on vehicles loom. “In other Asean economies such as Indonesia and Malaysia, automobile excise tax rates go as high as 125 percent and 105 percent, respectively, yet their luxury car markets continue to thrive,” […]

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House approves increased taxes on automobiles, fuel

The House of Representatives passed on third and final reading President Duterte’s comprehensive tax reform package before the 17th Congress adjourned its first regular session. Voting 246-9-1, congressmen passed House Bill 5636, also known as the Tax Reform for Acceleration and Inclusion (Train). Opposition lawmaker Albay Rep. Edcel Lagman was the lone abstention to the […]

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Lexus’ happy problem

Dealers of luxury vehicles in the Philippines are currently struggling with a problem. It’s not exactly a crisis—at least, not yet—but it is testing the mettle and abilities of their local managers just the same. That’s because the local market for high-end automobiles and sport utility vehicles has experienced a surge in demand from Filipino […]

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New taxes seen lower on income, higher on cars

The government’s tax reform package passed a major hurdle when the ways and means committee of the House of Representatives voted on Wednesday to approve a version of the measure that could make auto makers heave a sigh of relief. The committee, chaired by Quirino Rep. Dakila Cua, voted 17-3, with four abstentions, to pass […]

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More views, theories on the excise tax

The increase in the excise tax is a certainty as far as many people in government and the auto industry are concerned. It’s only a matter of how much, and when.

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Sep 20, 2017

One of 2017’s biggest automotive surprises is the Mahinda Xylo E8. Bear with me and please don’t think this

Sep 13, 2017

The other day, my girlfriend and I were having lunch, and our discussion went to our husbands and their