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#new tax on cars

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The new tax reform bill has been signed by President Duterte today. Likewise, automobiles will have a new or simpler tax structure. For cars, the new tax scheme is as follows: Net Manufacturer's / Importer's Price Up to P600,000 == 4% P600,000 to 1,000,000 == 10% P1,000,000 to 4,000,000 == 20% Above P4,000,000 == 50% Take note that these are based on Net Manufacturer's Price or Importers Price. Here's a comparison table between the old and the new tax scheme. Read more in our articles including "New Tax for Cars Signed into Law" and "Fujifilm Instax Share SP-1 to hit stores in February".

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What is new tax on cars?

The new tax reform bill has been signed by President Duterte today. Likewise, automobiles will have a new or simpler tax structure.

What have you covered about new tax on cars?

For cars, the new tax scheme is as follows: Net Manufacturer's / Importer's Price Up to P600,000 == 4% P600,000 to 1,000,000 == 10% P1,000,000 to 4,000,000 == 20% Above P4,000,000 == 50% Take note that these are based on Net Manufacturer's Price or Importers Price. Here's a comparison table between the old and the new tax scheme.

Where can I find articles about new tax on cars?

Our coverage of new tax on cars includes: "New Tax for Cars Signed into Law"; "Fujifilm Instax Share SP-1 to hit stores in February"; "Davao taxis now accept fare payments via on-board ATM". Each article provides unique insights and information.