automobile excise tax

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.   [table id=323 /] *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. An adage goes, "In this world nothing can be said to be certain, except death and taxes." For that matter, excise tax is a form of indirect tax, a kind of taxation that is more difficult to evade than direct taxes such as income tax or property tax. One of the more relevant excise taxes in public consciousness today would be the fuel excise tax, which is imposed over different petroleum products, owing to rising oil prices in the Philippines and overseas. However, why would the Filipino government choose to ramp up subsidies instead of suspending fuel excise taxes altogether, despite a rising call for suspension even among national candidates for the 2022 election? Read more in our articles including "DOF clarifies proposed Car Tax" and "Why fuel excise taxes remain in the Philippines: equity or equality?".