Toyota is the second car manufacturer to release the prices of their vehicles with excise tax considered.
To those who just bought the Toyota Corolla Altis of their dreams, well, congratulations to you all, as the compact sedan’s prices have increased this year, with the 2.0 V variant suffering the highest increase. Congratulations as well to those who bought a Fortuner and Innova last year, because you were able to save a decent amount of dough.
As for those who panic bought a Toyota Hilux and most especially, a Toyota Land Cruiser 200 and Land Cruiser Prado, you might want to look away now, and we do really mean look away, as the Land Cruiser 200 has lost as much as P350,000 at the most. That’s probably good for a tropical holiday in the Bahamas in a 5-star luxury hotel, right? Here are the 2018 prices of Toyota Motor Philippines Corporation.
For those keeping score, this is how the final version of the excise tax works.
Under P600,000: 4%
P600,000 to P1,000,000: 10%
P1,000,001 to P4,000,000: 20%
Above P4,000,000: 50%
The bicameral version also highlights that it exempts EVs and, strangely, pick-up trucks. Hybrids meanwhile will only receive 50% of the taxes of non-hybrid vehicles. We at Go Flat Out applaud the move for making eco-friendly vehicles receive zero to lower taxes. For the rest of the TRAIN vehicle excise tax, click here.
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