Articles about Department Of Finance

Is this fair?
If one congressman has his way, motorcycle owners might not be affected by a potential motor vehicle user's charge (MVUC) increase.According to a recent report by the Philippine Star, Albay Representative Joey Salceda plans to submit a proposal which would
Stay informed
Has a sales attendant or dealership recently tried to convince you to buy a brand-new car by saying there's a looming tax hike? Yeah, don't buy it. This isn't 2017 all over again.To keep car buyers informed
It was inevitable
Well, we all knew it was coming. A report by CNN Philippines says that the Department of Finance (DOF) is warning consumers to expect higher fuel excise in the coming weeks. This comes off the heels of last year's drama,
Uh-oh
So it looks like next year's oil price hike might still be a go.According to a report by GMA News, the Duterte administration's economic advisers have done a 180 on its recommendation to suspend the increase of excise taxes
Amid rising oil prices and inflation
Car owners and operators across the country have undoubtedly felt the effects of the increased fuel prices under the Tax Reform for Acceleration and Inclusion (TRAIN) law. According to the Department of Energy (DOE), the average cost of 91-octane gasoline as
It's a considerable jump
In case you missed it, the Department of Finance (DOF) is currently eyeing to increase the annual registration fees for cars in 2019, and is already drafting an executive order to raise the motor vehicle user's charge (MVUC). Now, we have
Will this push through?
The Department of Finance (DOF) is preparing an order which will increase the amount motorists will have to pay to register their vehicles.According to a report by the Manila Bulletin, the government agency wants to raise the motor vehicle user's
We'll be able to drive (without ro-ro) from Luzon to Mindanao
The government announced plans to build eight major bridges that will connect the Visayas region to Luzon and Mindanao, Department of Finance (DOF) Secretary Carlos G. Dominguez said in a speech Thursday, April 19, during the Philippine Economic Briefing in Cebu City.
It actually makes sense
You might have seen posts being shared on social media about the pending increase in fuel prices as part of the Tax Reform for Acceleration and Inclusion Act. There are calls on Facebook to gas up before January 1, 2018, because after
Luxury cars will actually be 'cheaper'
NOTE: The Honda CR-V in the infographic is still the previous generation, hence the lower price than the new base model CR-V.When the Department of Finance first released its early proposals for comprehensive tax reforms earlier this year, many
One step closer to reality
The new tax reform law, which includes higher taxes for automobiles, is now one another step closer to reality.Voting 17-1, the Senate approved its version of the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) yesterday on its third
DOF presents suggested prices under proposed excise tax
We recently reported that after-sales service in car dealerships is sagging overall. Does it have something to do with the volume of cars on the road, perhaps? Car brands are also selling their stocks in droves, and this is surely bringing
Where will extra fees go?
A lot of fuss (and even more panic) has been going around in recent months over the Department of Finance's (DOF) proposal to increase the excise tax rates on motor vehicles and the fuels that power them. What's only just
Now on its way to the Senate
The first batch of tax reforms proposed by the Department of Finance (DOF), which includes an increase in automotive excise taxes, has passed the House on its third and final reading. Is it finally time to head over to the nearest car
The DOF tax calculator says yes...sort of
After last week, you'd be forgiven for thinking that the new Department of Finance (DOF) tax proposal looming over our heads-which made it through the House Committee on Ways and Means, by the way-is going to be a huge
They need all the help they can get
Recently, the local automotive industry was ruffled by news that the Department of Finance's (DOF) tax reform package-which includes an increase in automotive and fuel taxes-had passed the House Committee on Ways and Means. It didn't help that
Ready your wallets
If you recently purchased a brand-new ride to avoid being hit by the looming increase in automotive taxes, good for you. If it pushes all the way through, you may have just saved yourself a s***load of money depending on
Winter is coming
If you've been thinking about buying a brand-new car, now might be a good time to sign on the dotted line. The House Committee on Ways and Means has just approved the tax reform package proposed by the Department of
Back to the drawing board
Carmakers might not be too happy about this. The Department of Trade and Industry (DTI) has rejected the local auto industry's counter proposal to the looming increase in automotive excise taxes.According to a report by Inquirer, DTI secretary Ramon Lopez
Who’s afraid of auto taxes?
The new Automotive Excise Taxes don't exist in a vacuum. The big picture paints a vastly different story from the screaming headlines.While there is a general sense of mild-to-moderate panic in the air regarding the new automotive taxes,
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