DOF Might Impose Excise Tax On Pickups, Motorbikes
Pickups used to be exempted from the government’s excise tax, but that may soon change as it aims to fund the country’s debt.
Pickups used to be exempted from the government’s excise tax, but that may soon change as it aims to fund the country’s debt.
There’s a new Sorento DX variant priced at P1,895,000 to keep it competitive despite the excise tax.
Most models see an increase in prices, including that Mazda MX-5 you’ve been probably dreaming of.
All Fords but the Ranger, Fiesta, and Focus see an increase in prices.
That Lexus you’re planning to buy this year has most likely seen a price reduction.
Most car prices increased, some, including the Hilux, Prius, and Land Cruiser, decreased.
If you bought a Civic RS Turbo last year, congratulations. If you bought a Honda Odyssey EX-V Navi last year, look away.
This is most likely the final version that’ll be implemented in 2018.
The senate version’s flatter tax will make mainstream cars cost slightly more, while luxury and sportscars will cost slightly less.
Is the senate version of the tax reform better?