Excise Tax? When June 2017 or 2018?

[StockEngine]

iba iba computation 🤔 which one is the most accurate? JD is waiting for the DOF numbers.. ang tagal🤔

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[Junichiro]

Does the 2016 to current year model being sold at the dealership gets affected by the upcoming excise tax next year? Or will it take effect only on 2018 year model onwards?

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[Trippin]

Does the 2016 to current year model being sold at the dealership gets affected by the upcoming excise tax next year? Or will it take effect only on 2018 year model onwards?

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Lahat ng lalabas sa casa in the ordinary course of business kahit anong year model year pa yan kasama.

[Walter]

Only singe cab pickups are exempted from the tax ... double cab pickups will be taxed ... curious as to who will be the first one to bring in an electric vehicle ... Nissan Leaf? ...

[predo]

when will dealers publish their latest and greatest SRP's?

[babkalakal]

Only singe cab pickups are exempted from the tax ... double cab pickups will be taxed ... curious as to who will be the first one to bring in an electric vehicle ... Nissan Leaf? ...

Could somebody shed a clearer light on this? Some news reports cite the single cab only exemption while others cite pickups in general which leads me to assume indeed all pickup type included. Ano kaya exactly nakalagay sa batas?

[Monseratto]

Could somebody shed a clearer light on this? Some news reports cite the single cab only exemption while others cite pickups in general which leads me to assume indeed all pickup type included. Ano kaya exactly nakalagay sa batas?

Autoindustriya.com first reported that only single-cab are exempted in a 12/14 article.

Also of significance is the exemption of vehicles such as trucks, cargo vans, jeeps (i.e. "owner" type), jeepneys, jeepney substitutes (i.e. FB body), special purpose vehicles (i.e. cement mixer, crane trucks, etc.) and single cab pick-up trucks. Double-cab pick-ups are covered by the bill.

Then autoindustriya release a contradictory statement in 12/18

The bill defines a large tax exempt range – trucks, special purpose trucks [dumpers, transit mixers, etc.] jeep and Jeepneys. Trucks were defined to include all pick ups, not just single cab chassis. The latter may prove a boost to local body builders like Centro, Almazora, Del Monte, etc. as L300FB and FX substitutes will abound. We suppose this tax break is in support for the family enterprise and agricultural starter/small scale businesses.

Better wait for a goverment agency to release a official statement about this.

[dr. d]

Does the 2016 to current year model being sold at the dealership gets affected by the upcoming excise tax next year? Or will it take effect only on 2018 year model onwards?

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any brand new vehicle with date of sale jan 1, 2018 onward, shall have new excise tax.

[therightone]

Nananakot naman ang Subaru haha parang ibang TRAIN ang tinitingnan...

Source: Subaru Philippines Great Deals

[shadow]

Dapat DOF maglabas ng computation ng all brands and models Para malaman ng buyers if meron nanaman nakitang loophole mga dealers.

Tapos Mandate nila na i-post yun table ng price sa mga showrooms

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[Monseratto]

DOE

[CVT]

Dapat DOF maglabas ng computation ng all brands and models Para malaman ng buyers if meron nanaman nakitang loophole mga dealers.

Tapos Mandate nila na i-post yun table ng price sa mga showrooms

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Lahat halos ng mga dealers,- nananakot!!!

Pasko naman ngayon; Hindi Halloween.....

[jut703]

Can any of the brilliant minds here explain why the tax reform is pro-poor?

Say, I am a minimum wage earner who is already tax-exempt with the current tax scheme.

With this new tax bracketing, I DON'T GET AN INCREASE IN TAKE HOME PAY (because I was already tax-exempt to begin with).

However, since the excise tax on fuel, sweetened beverages, and reduced VAT exemptions apply to all (including me the minimum wage earner), I will end up with higher expenses.

So I get the same amount of take-home pay, but have to deal with higher expenses. So net, I end up with less.

Again, how is this pro-poor?

Probably pro-middle class and definitely pro-rich with lower estate taxes and cheaper luxury cars, but not pro-poor (which btw comprises the vast majority of Filipinos).

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[zoomzoom]

Can any of the brilliant minds here explain why the tax reform is pro-poor?

Say, I am a minimum wage earner who is already tax-exempt with the current tax scheme.

With this new tax bracketing, I DON'T GET AN INCREASE IN TAKE HOME PAY (because I was already tax-exempt to begin with).

However, since the excise tax on fuel, sweetened beverages, and reduced VAT exemptions apply to all (including me the minimum wage earner), I will end up with higher expenses.

So I get the same amount of take-home pay, but have to deal with higher expenses. So net, I end up with less.

Again, how is this pro-poor?

Probably pro-middle class and definitely pro-rich with lower estate taxes and cheaper luxury cars, but not pro-poor (which btw comprises the vast majority of Filipinos).

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Exactly what the taxi driver I rode to work today was telling me ... walang benefit ang mga mahihirap sa TRAIN na ito, bagkus lalo pa silang maghihirap dahil tataas presyo ng mga bilihin dahil tataas ang krudo at kuryente.

[XTO]

Exactly what the taxi driver I rode to work today was telling me ... walang benefit ang mga mahihirap sa TRAIN na ito, bagkus lalo pa silang maghihirap dahil tataas presyo ng mga bilihin dahil tataas ang krudo at kuryente.

Crime rates for sure

[Vodka]

yeah basically TRAIN gets to tax the poor (majority of pinoys) which they couldn't tax before. so more money for infra projects which may benefit the poor also, but not always (like airport dev't)

the rich get richer, the poor get poorer. but for once the middle class get some relief

[jaypee10]

ang makukuha dyan ibibigay sa mga man in uniform ha ha ha..

kawawang madla..masarap pakinggan..pero masakit sa kabuhayan.

[minicarph]

Can any of the brilliant minds here explain why the tax reform is pro-poor?

Say, I am a minimum wage earner who is already tax-exempt with the current tax scheme.

With this new tax bracketing, I DON'T GET AN INCREASE IN TAKE HOME PAY (because I was already tax-exempt to begin with).

However, since the excise tax on fuel, sweetened beverages, and reduced VAT exemptions apply to all (including me the minimum wage earner), I will end up with higher expenses.

So I get the same amount of take-home pay, but have to deal with higher expenses. So net, I end up with less.

Again, how is this pro-poor?

Probably pro-middle class and definitely pro-rich with lower estate taxes and cheaper luxury cars, but not pro-poor (which btw comprises the vast majority of Filipinos).

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I consider myself brilliant mind pero ang hirap naman sagutin neto. Pero yun na nga magbabayad sila ngaun ng + P12 / liter kasi fructose corn syrup ang coke ngaun

[uls]

pag sobra mahal na ang softdrinks you think sales volume will remain the same?

are we not gonna see news articles in the middle of next year that says "Softdrink sales plummet as higher taxes bite"?

[minicarph]

pag sobra mahal na ang softdrinks you think sales volume will remain the same?

are we not gonna see news articles in the middle of next year that says "Softdrink sales plummet as higher taxes bite"?

ganti kasi ng gobyerno yan sa coke for killing the Negros sugarcane industry