Excise Tax? When June 2017 or 2018?

**dos2** · December 11th, 2017 04:25 PM

Well I guess nobody knows or read about it for now, unlike some details such as increasing the non taxable bonus from 82K to 90K which was mentioned publicly.

**attorney** · December 11th, 2017 09:22 PM

From a friend in Senate:

Final auto excise
-4% up to 600k
- 10% for over P600,000 to 1M
- 20% for over 1M up to P4M
- 50% for over P4M

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**Verbl Kint** · December 12th, 2017 01:37 AM

Got word from a little mouse that the excise tax for automobiles has been finalized and it will be a hybrid of the Senate and House version:

Net Retail Price	Fixed Tax	Marginal Tax
>₱600k	-	4%
₱600k to ₱1M	-	10%
₱1M to ₱4M	-	20%
> ₱4M	-	50%

What does it mean? Cars ₱1M to ₱3.99M will actually be cheaper. Cars below ₱1M and above ₱4M will be more expensive.

**monty_GTV** · December 12th, 2017 04:16 AM

mabuti nga mapirmahan at ng ma-implement na ng matigil na panggugulang ng mga car dealerships at mga abusadong ahente nila.

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**pobre24** · December 12th, 2017 08:44 AM

Originally Posted by monty_GTV

mabuti nga mapirmahan at ng ma-implement na ng matigil na panggugulang ng mga car dealerships at mga abusadong ahente nila.

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Just curious, how can this curb abuses of the dealer and agents?

**papi smith** · December 12th, 2017 09:00 AM

Correction, Cars ₱1.7M to ₱3.99M will actually be cheaper. Cars between ₱1.0M to 1.6M will be the ones to get affected.

Under the current scheme for example, cars between 1.1M -1.2M are taxed at 10.18% - 12.67%, under that scheme, they are automatically slapped a 20% tax.

Originally Posted by Verbl Kint

What does it mean? Cars ₱1M to ₱3.99M will actually be cheaper. Cars below ₱1M and above ₱4M will be more expensive.

**Bravoexo** · December 12th, 2017 09:01 AM

Originally Posted by pobre24

Just curious, how can this curb abuses of the dealer and agents?

Less demand.

**pobre24** · December 12th, 2017 09:03 AM

Originally Posted by Bravoexo

Less demand.

Got it. thanks for clarifying

**pobre24** · December 12th, 2017 09:10 AM

Originally Posted by papi smith

Correction, Cars ₱1.7M to ₱3.99M will actually be cheaper. Cars between ₱1.0M to 1.6M will be the ones to get affected.

Under the current scheme for example, cars between 1.1M -1.2M are taxed at 10.18% - 12.67%, under that scheme, they are automatically slapped a 20% tax.

correct.
I guess the middle class will take one for the team. 600k-1.6M range

**Tydurden777** · December 12th, 2017 09:11 AM

Sir, why 1.7M to 3.99M?

Net price of 1,000,001 to 3,999,999 will be subject to 20% only compared to the current taxation. So it will be cheaper, right?

But my question really is - how do we get the Net price? And the current taxation. Sorry for the ignorance.

Originally Posted by papi smith

Correction, Cars ₱1.7M to ₱3.99M will actually be cheaper. Cars between ₱1.0M to 1.6M will be the ones to get affected.

Under the current scheme for example, cars between 1.1M -1.2M are taxed at 10.18% - 12.67%, under that scheme, they are automatically slapped a 20% tax.