excise taxes

Car sales boom in December, fueled by TRAIN anxiety

Car and truck manufacturers made their highest monthly sales in December last year, as consumers moved to buy new units before the imposition of higher excise taxes. According to joint data from Chamber of Automotive Manufacturers of…

Excise tax at a glance

Excise taxes for cars with a net manufacturing or import price of up to P600,000 would be “adjusted from 2 percent to 4 percent.”…