In other fronts, the House of Representatives are looking into reducing the volume of cars by increasing the Ad Valorem Tax. The proposed bill will add the following tax brackets into sold cars at different price levels: Php600,000 and below: 5% (+Php30,000) Php600,000 - Php1,100,000: 20% (+Php120,000 - Php220,000) Php1.1M - Php2.1M: 40% (Php440,000 - Php840,000) Over Php2.1M: 60% (Php1.26M and higher) Read more in our articles including "Proposed Tax Bill on Cars goes up to 60%" and "Fujifilm Instax Share SP-1 to hit stores in February".
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Apr 14, 2026In other fronts, the House of Representatives are looking into reducing the volume of cars by increasing the Ad Valorem Tax. The proposed bill will add the following tax brackets into sold cars at different price levels: Php600,000 and below: 5% (+Php30,000) Php600,000 - Php1,100,000: 20% (+Php120,000 - Php220,000) Php1.1M - Php2.1M: 40% (Php440,000 - Php840,000) Over Php2.1M: 60% (Php1.26M and higher)
Our coverage of proposed tax on cars includes: "Proposed Tax Bill on Cars goes up to 60%"; "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.
Our article "Proposed Tax Bill on Cars goes up to 60%" published on October 19, 2016 covers the latest information about proposed tax on cars. Check it out for the most current details.