Proposed Auto Excise tax proposal - what it means to you when you buy a new car.

It is more fun with four wheels.

Rizal Philippines
May 27, 2017

From Security Bank

It means a lot.  For low priced cars below P500,000 it just means doubling the excise tax from 2% to 4%.  But at higher price, it can gouge the buyers wallet and prevent him from buying a new one.  So buy now.

There is the DOF version and HB 4774.    The HB version further inflates the SRP

If your car is in the P1.2 to P1.5 million range (as most SUVs are now) the excise tax is 20% so that means additional P360 to P450t which could inflate the current SRP to P1.560 to nearly P2.00 million. That is a lot of money to cough out.

If you are buying a new car well in excess of P2 million.  it could mean an additional P1 plus. (+60% in excise tax)  So better buy a car now. or reserve.   It could save you a lot of bucks

From Auto Industriya

Buy or reserve your car or your SUV now.