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