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#Excise tax

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With the increase in excise tax finally in effect, thanks to the Tax Reform for Acceleration and Inclusion (TRAIN) package, many are curious - even fearful - of how this will affect the pricing of vehicles in the Philippines. 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. Fujifilm's Instax Share Smartphone Printer SP-1, will soon be available in the country starting next month. The Fujifilm Instax SHARE Smartphone Printer SP-1 is a small printer that allows users to produce Instax prints using images sent wirelessly from a smartphone. The Instax Share printer works together with the Instax Share app for iOS and Android so you can edit images and choose templates before you print. Read more in our articles including "Toyota Philippines Car Prices for 2018" and "DOF clarifies proposed Car Tax".

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What is Excise tax?

With the increase in excise tax finally in effect, thanks to the Tax Reform for Acceleration and Inclusion (TRAIN) package, many are curious - even fearful - of how this will affect the pricing of vehicles in the Philippines. The Department of Finance (DOF) has made clarifications regarding the automobile excise tax.

What have you covered about 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.

Where can I find articles about Excise tax?

Our coverage of Excise tax includes: "Toyota Philippines Car Prices for 2018"; "DOF clarifies proposed Car Tax"; "Fujifilm Instax Share SP-1 to hit stores in February". Each article provides unique insights and information.