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The latest Senate version of the first comprehensive tax reform package is proposing that the excise tax on cars would have a higher rate next year from what was passed in the Lower House last May, a…
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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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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…
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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…
