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excise tax | Motioncars
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excise tax

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.…

ADB backs tax hike on oil, vehicles


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Manila-based multilateral lender Asian Development Bank (ADB) has expressed support for the government’s plan to hike excise taxes on oil products and vehicles that Finance Secretary Carlos G. Dominguez III had said would not hurt the auto…

New excise tax rates for autos backed


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The Bureau of Customs is backing up the Department of Finance’s proposal to restructure the excise tax system for brand new vehicles under its first tax reform package. In a statement, the BOC said it was fully…

Dominguez allays fears on negative impact of auto excise tax hike


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Finance Secretary Carlos Dominguez III on Monday assured lawmakers that the increase in automobile excise taxes would not affect the sales of cars in the country. Dominguez attended the ways and means committee hearing at the House of Representatives…

Car dealers lament over looming excise tax bill

Last Monday, the House Ways and Means Committee held its third deliberation on the comprehensive tax reform package. …

Excise tax blues: Industry insider scorches opportunistic sales gimmicks

The proposed House Bill (HB) No. 4774, the “Tax Reform for Acceleration and Inclusion Act,” is now pending in Congress. Once approved, the bill will be transmitted to the Senate.…


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