Excise Tax? When June 2017 or 2018?

**Verbl Kint** · December 15th, 2017 04:28 PM

Originally Posted by numbah5

Kaya nga I had to ask the executive about the profit margin rates di ba? I had to ask him so I’ll know how they earn through their profit margins, especially because of the impending new excise tax rates. The executive knows because he’s one of the people running the luxury car brand distributor and he knows what he told me.

I'm sure he does. But what his profit margin is isn't necessarily the same for all distributors/dealerships.

In any case, I'd go with what auto journalists are willing to publish over a random guy on the internet who spoke to an unnamed "executive".

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**dr. d** · December 15th, 2017 04:34 PM

don't worry about the excise tax eating into their profit.
we-the-customers are the ones paying for it.

**Tydurden777** · December 15th, 2017 04:36 PM

Sirs,

If there a new law, implement ba agad? Because if I remember it correctly, when they increase tax exemption on 13th month pay, they went through pa discussion on Implementing Rules. Is it the same here with the TRAIN?

**Verbl Kint** · December 15th, 2017 05:07 PM

Originally Posted by Tydurden777

Sirs,

If there a new law, implement ba agad? Because if I remember it correctly, when they increase tax exemption on 13th month pay, they went through pa discussion on Implementing Rules. Is it the same here with the TRAIN?

TRAIN will be signed on the 19th by the President. Implementation date will be Jan. 4.

May oras pa para mag panic buying.

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**minicarph** · December 15th, 2017 07:10 PM

Originally Posted by Tydurden777

Sirs,

If there a new law, implement ba agad? Because if I remember it correctly, when they increase tax exemption on 13th month pay, they went through pa discussion on Implementing Rules. Is it the same here with the TRAIN?

irere-railroad nila yan train

**jcdeguzman** · December 15th, 2017 07:44 PM

Originally Posted by Tydurden777

Sirs,

If there a new law, implement ba agad? Because if I remember it correctly, when they increase tax exemption on 13th month pay, they went through pa discussion on Implementing Rules. Is it the same here with the TRAIN?

Once the bill was signed by the president. It will not take effect immediately. All bills passed into law shall have implementing rules to be drafted by affected office/department. In this case, BIR or DOF shall create implementing rules. Once implementing rules were approved by Cabinet Secretary and President without any objection from Congress and Senate or TRO from SC, the law shall now take effect depending on the date set on implementing rules.

**Wh1stl3r** · December 16th, 2017 11:13 AM

Looks like pickups (normal dual cabs) are included in the excise tax hike. Single cabs are exempted.

https://www.autoindustriya.com/auto-...ify-train.html

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.

**Monseratto** · December 18th, 2017 03:13 PM

Good side of the TRAIN...

Lower Estate Tax...

And the all important income tax...

**CVT** · December 18th, 2017 04:19 PM

Originally Posted by Monseratto

And the all important income tax...

Mukhang nasa sweet spot iyang P100K per month na sweldo in as far as the savings in the tax that the person is going to pay, at least in the first tranche....

The savings in the tax I will be paying is significantly lower than that....

But hey, it is a savings whatever way you look at it,- so I can't complain....