Excise Tax? When June 2017 or 2018?

[Yuesford]

HoR draft is not as friendly as the Senates draft.

im glad theyre doing revisions...

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Enlighten me.

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[Yuesford]

Let's just wait for the Congress and Senate to settle and publish the final revision in Dec 15 and effectively implemented by Jan 2018. Wala namang point magargue kung drafts palang yang mga yan.

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[Verbl Kint]

If the bicam doesn't come out with the revised and agreed upon TRAIN version in 8 days then they would have to sacrifice some of their vacay time to close it.

The bill needs to be submitted to the palace 48 hours before the president needs to sign it. And time is running out.

[Verbl Kint]

It looks like Malacañang is trying to prop up more support for the House version:

Senate version of auto excise tax bill seen to hit car sales, manufacturing | Inquirer Business

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[Verbl Kint]

Another touchy provision now is the proposed coal tax.

1. The House believes imposing a higher coal tax will adversely increase electricity cost (most powerplants are coal-fired) and even hurt our manufacturing sector in the long run.

2. The Senate believes it's about time to change how we tax coal as it has been the same for decades now and other fossil fuels have already been taxed higher. This has resulted in coal being a lot cheaper than renewable energy in the Philippines.

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[StockEngine]

It looks like Malacañang is trying to prop up more support for the House version:

Senate version of auto excise tax bill seen to hit car sales, manufacturing | Inquirer Business

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malacanyang wants more money for their build-build-build infra projects. i think itill be outside metro manila though🤔

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[dos2]

Lawmakers move closer to finalizing TRAIN bill | BusinessMirror

Apparently, the implementation of the TRAIN bill will be actualized by January next year.
Reading the article above, there was no mention on what was the final excise tax rate increase for vehicles. Anybody here who have access in the bicameral discussion or have read it somewhere?

"Over the weekend, Sen. Juan Edgardo M. Angara, chairman of the Senate Committee on Ways and Means, said members of the bicameral committee have already agreed on 75 key provisions, or 90 percent, of the tax-reform bill.

However, still pending before the bicameral committee are “contentious” provisions which include excise taxes on coal, minerals and cosmetic procedures, which were inserted by the Senate."

[Verbl Kint]

If they don't get it signed by Duterte by Friday then it won't be implemented on Jan. 1.

If the bicam discussions do not reach a conclusion by Thursday, then it will probably won't happen in January at all.

If it won't happen in January, then they will likely aim for an implementation date at the beginning of April or perhaps July.


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[dos2]

If they don't get it signed by Duterte by Friday then it won't be implemented on Jan. 1.

If the bicam discussions do not reach a conclusion by Thursday, then it will probably won't happen in January at all.

If it won't happen in January, then they will likely aim for an implementation date at the beginning of April or perhaps July.


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Anung version kaya ng vehicle excise tax ang napag-agreehan ng bicam?

[shadow]

Sayang lang Time mag analyze or hulaan kung ano approved nila. Either way people will still buy vehicles kahit ano pa mapproved nila


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