2018 and 2019 Vehicle Excise Tax Rise

Manila;; President Rodrigo Duterte has signed a Tax Reform Act on Tuesday and that $ 3.77 trillion budget for the 2018 government budget. - klajoo.com - The tax reform favors taxpayers earning less than $ 250,000 a year, meaning that those who earn $ 21,000 a month do not have to pay taxes. The tax deduction for the 13th month salary and other bonuses will be increased to 90,000 PHP. According to Bureau of Internal Revenue (BIR) data, approximately 6.8 million or 90 percent of the 7.5 million income taxpayers will be tax exempt from 2018. This is about three times the current two million exempt minimum wage earners. In order to offset the loss on income tax revenues, from 2018 Filipinos will have to apply higher excise duties on sweetened beverages and on oil, mining, coal, fuels and tobacco. For drinks that use sweeteners, a tax of 6 PHP is charged. For beverages made using high fructose corn syrup, a tax of 12 PHP is charged. Taxes on fuel will also increase, from 2018 a fuel tax on kerosene of 1 PHP and for diesel at 2.50 PHP per liter levied, the tax for regular gasoline and unleaded premium gasoline is currently 4.35 PHP by 2.65 PHP increased to 7 PHP. If you buy a new car worth up to PHP 600,000, you'll pay 4 percent instead of 2 percent, up to 10 percent for vehicles over PHP 600,000, 20 percent for vehicles from 1 million to 4 million, and for vehicles over 4 Million, 50 percent. Taxes on tobacco products will be increased from PHP 30 to 32.50 PHP from January to June 2018 and to PHP 35 from July 2018 to December 2019, from PHP to 37.50 PHP from 2020 to 2021, to PHP from 2022 to 2023 and from 2023 to 2023 4 percent of annual indexation is removed. The government budget of 3.77 trillion PHP for 2018, is 12.4 percent higher than the 3.35 trillion PHP of 2017. KR 21.12.2017 - 3:58
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Note, unfortunately, here average folks spend money on keeping the cars clean but not necessarily maintained, so i would be very hesitant to purchase a used car, although i have owned used back in the US.. I might consider one as simple transportation, as long as i knew a good mechanic (anybody?).

 

I have the same question. We bought a Fortuner at Toyota Sibulan in November of this year with NO mention about not driving for the first 2 months. I have title and registration. I have insurance and a Philippine drivers license. I can drive it. Where is this all coming from???


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Yes, please, someone 'splain where this "..can't drive" s**t is coming from ???

We ordered a car from Toyota in May, it arrived in Sept (extra goodies), with title, registration, insurance (preordered), drove off the lot and ever since, got more paperwork a week later, real plates should arrive in two years (yea, huh?).. Used california drivers license, got our temp LTO, real should arrive in april... Was da big deal. ??

And please reread the thread on the new tax, starts in january and the TAX increases, NOT the cost of the car.

 

I found the explanation: How the LTO’s problems will affect your car-buying experience

But no problems with my own Toyota registration.
P10,000.00 for driving without registration!


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