We crunched the numbers
In 2017, the government imposed new excise tax rules on all automotive vehicles. The ruling-which spurred a buying spree prior to its implementation-essentially reduced the taxes paid for lower-priced vehicles, but raised taxes for models in the upper bracket.
Ah, good times
All this talk about excise taxes likely has many car buyers on the edge of their seats. If you'll recall, however, this isn't the first time the local auto industry has faced this kind of situation.Back in 2017 and
Is it time to pull the trigger on a brand-new truck?
Last week, the House Committee on Ways and Means approved the removal of the excise tax exemption for pickups, among other measures aimed at alleviating the country's debt problems. Worried? Don't worry, because so is the rest of the auto
And here we go
Earlier this year, the Department of Finance (DOF) proposed a series of measures aimed at gradually alleviating the country's growing debt-among them, the removal of the excise tax exemption for pickups.Well, it appears this will soon be more than
Should the new admin go for this?
The government has already made known that it isn't too keen on suspending taxes to help motorists cope with rising fuel prices. One senator, though, is still following through on filing legislation to do exactly that.'An Act Suspending the Imposition
It doesn’t stop with trucks and motorbikes
Earlier today, we got hold of the Department of Finance's (DOF)"fiscal consolidation and resource mobilization plan" and reported on the agency's intent to repeal the excise tax exemption for pickups and impose them for motorcycles-measures proposed in an
The President has approved this suggestion from the Department of Finance
Lawmakers and motorists alike have brought up the idea of suspending the collection of excise taxes on petrol products in light of the rising fuel prices. Unfortunately, that probably won't be happening anytime soon.President Rodrigo Duterte in a cabinet meeting
The final tranche of fuel excise-tax hikes will take effect tomorrow, January 1
If you thought you were done adjusting to the fuel price hikes that resulted from the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, then you thought wrong. The third and final tranche of the excise tax increases on
Do you agree?
Having a hard time because of higher fuel prices brought about by the Tax Reform for Acceleration and Inclusion (TRAIN) law? Don't worry, the Department of Energy (DOE) says, because it's a sacrifice for the benefit of the Philippines."We
A senator files an inquiry
Will the suspension of the fuel excise tax next year (more on that here) help mitigate inflation? It's a burning question that lawmakers and taxpayers alike want answered.Senator Win Gatchalian, who chairs the Senate Committee on Economic Affairs, has filed
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
There's a provision in the TRAIN law
Apparently, the Tax Reform for Acceleration and Inclusion (TRAIN) law has a provision which would "freeze" the additional excise taxes levied on fuel products in the event crude oil hits the $80 per barrel mark.Senator Ralph Recto pointed this out in
It's the year of the pickup
We've said repeatedly since the year started that now is the best time to buy a pickup. Thanks to the TRAIN law, pickups have been exempted from excise tax and have subsequently dropped in price. If Ford Philippines' latest sales figures
Yay or nay?
How has 2018 treated your wallet so far? Ever since the government passed the Tax Reform for Inclusion and Acceleration (TRAIN) package into law, we've all had to make adjustments to our budgets, especially when buying cars and fuel. Some have
Price bumps across the range
Yup, another week, another updated price list for 2018. This time, it's from the folks over at Chevrolet Philippines. How we discovered this one, though, came as a bit of a surprise.Other car brands usually give us their new
Did your dream car take a hit?
BMW's official Philippine distributor has released its 2018 price list update. You're either going to be ecstatic or bummed depending on which model you've been eyeing.If you're a fan of the German carmaker&#
Some big changes
With four new vehicles and the GT-R Nismo launched this month, Nissan Philippines is off to a roaring start this year. Now the Japanese carmaker has revealed its new price list for 2018, and this will certainly set the tone for
Some significant bumps
Another day, another updated price list. This time, it's from Isuzu, and this list should be of particular interest to many of you out there.Today, Isuzu Philippines released its new prices inclusive of the new excise taxes under the Tax
Yes, our dream MX-5 is affected
As the first month of 2018 nears its end, another carmaker has released its updated price list to reflect the new excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law.Mazda, whose lineup is considerably more compact than other
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