The Department of Finance (DOF) has made clarifications regarding the automobile excise tax.
Contrart to rumors that the whole excise tax scheme will be implemented and will further raise car prices, the DOF clarified that they are proposing a more progressive increase instead to help the consumers not feel the increase as much as they though it would.
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Car Model | Current SRP | New SRP* |
---|---|---|
Hyundai Eon GLX M | 508,000 | 517,103 |
Mitsubishi Mirage G4 GLX A/T | 680,000 | 692,186 |
Toyota Vios 1.5 G A/T | 902,000 | 942,678 |
Nissan Juke 1.6 A/T | 980,000 | 1,034,656 |
Honda Civic RS Turbo A/T | 1,403,000 | 1,538,475 |
Toyota Innova 2.8 E A/T | 1,222,000 | 1,320,022 |
Mazda CX-5 2.0 2WD | 1,345,000 | 1,465,064 |
Izuzu D-Max 4x2 LS M/T | 1,190,000 | 1,282,288 |
Toyota Hiace 3.0 Grandia GL A/T | 1,725,000 | 1,975,880 |
Ford Everest Titanium 2.2 4x2 | 1,739,000 | 1,994,898 |
Toyota Fortuner 2.8 V 4WD | 2,126,000 | 2,520,589 |
BMW X5 30d | 6,590,000 | 8,409,328 |
Theoretical Luxury Car 1 | 10,000,000 | 13,194,240 |
Theoretical Luxury Car 2 | 20,000,000 | 27,226,240 |
*New SRP was computed as (net manufacturer’s price + excise tax + VAT)
Also mentioned. the revenues raised through the car excise tax will be used to improve traffic management solutions and fund climate change-resilient infrastructure.
 Source: DOF
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Rabbitkun says:
I think the added tax is fair enough naman.
Armitage says:
Yup. It sounds fair. For people who crap money out of their asses. In case you forgot, there’s also a planned increase on fuel tax by upto Php 9.00/L if i’m not mistaken. That’s more than double than the current tax per litter by 2019. If fuel price increases, transport cost and PUV fairs will increase, this will also lead to increases in prices for basic commodities. So yeah, it sounds fair.
pong says:
Kasinungalinagn nanaman yan gagamitin daw sa traffic management saka climate change. pupunta lang yan sa corruption
parang me bumbaba na propeta sa kalangitan at biglang nagkaunawa at magbabago ang mga kurakot sa politiko eh yung mining nga lang wala na pera pera nanaman