Excise Tax? When June 2017 or 2018?

[Wh1stl3r]

Double taxation indeed abounds, bro!...

Is that the right applicatio of tax bro? Dapat kasi 2.65/2.50 for gas/diesel di ba? Actual increase is almost 3 pesos.

[jut703]

Is that the right applicatio of tax bro? Dapat kasi 2.65/2.50 for gas/diesel di ba? Actual increase is almost 3 pesos.

By default, the gasoline we pay already has VAT. Say, the price before was 45/L. That's already VAT-inc. Now they're adding 2.65/L VAT-ex as tax, and that 2.65 will also be subject to VAT same as the rest of the P45/L previous price. So the increase becomes P2.97/L.

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[ice15]

sana tinaas din nila taxes ng older cars (during registration)

[CVT]

Is that the right applicatio of tax bro? Dapat kasi 2.65/2.50 for gas/diesel di ba? Actual increase is almost 3 pesos.

Dapat talaga walang double taxation bro.,- pero it happens all the time. Like that sa excise tax na idinagdag,- may tax pa ulit sa VAT.

Katulad ng sweldo natin dito,- na tax na ng 32%,- tapos pag ipinambili mo na tax pa ang taxed money ng another 12% for VAT only + other taxes pa on oil products,- so effective tax rate is now minimum of 40% on the money...

Grabe talaga!

[Wh1stl3r]

By default, the gasoline we pay already has VAT. Say, the price before was 45/L. That's already VAT-inc. Now they're adding 2.65/L VAT-ex as tax, and that 2.65 will also be subject to VAT same as the rest of the P45/L previous price. So the increase becomes P2.97/L.

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Wow. So come 2020 when the final excise tax increase is implemented mamumulubi na tayo lahat sa fuel. Except you bro, buti ka pa unli gas hehe.

Dapat talaga walang double taxation bro.,- pero it happens all the time. Like that sa excise tax na idinagdag,- may tax pa ulit sa VAT.

Katulad ng sweldo natin dito,- na tax na ng 32%,- tapos pag ipinambili mo na tax pa ang taxed money ng another 12%,- so effective tax rate is now 40% on the money...

Grabe talaga!

Demmet. Tatambay na talaga ako doon sa frugal thread bro.

[vinj]

Dapat talaga walang double taxation bro.,- pero it happens all the time. Like that sa excise tax na idinagdag,- may tax pa ulit sa VAT.

Katulad ng sweldo natin dito,- na tax na ng 32%,- tapos pag ipinambili mo na tax pa ang taxed money ng another 12% for VAT only + other taxes pa on oil products,- so effective tax rate is now minimum of 40% on the money...

Grabe talaga!

I don't mind the tax so long as i see it is put to good use that benefits us...

kaso lang. kamote.

[jut703]

Bummer. My January salary still won't reflect the income tax adjustment because there wasn't enough time after the release of the IRR to implement the changes to our payroll system. [emoji24]

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[ice15]

I don't mind the tax so long as i see it is put to good use that benefits us...

kaso lang. kamote.

it will go to good use... bumaba price ng luxury cars... so konting tax payers money na lang kailangan nila para mapalitan mga kotse NILA!!!

[Ry_Tower]

sana tinaas din nila taxes ng older cars (during registration)

Why? I don't mind it though.

Gaya ni CVT at Vinj, masakit lang kasi isipin na yung tax nating mga middle class ang nagagatasan ng husto tapos wala man lang makitang magandang kapalit. Same old same old service from the gov't. haysss...

[JJB]

Hoping talaga na the build build build projects of du30 will be really beneficial and corruption-free.
Maganda na may subway tayo na may magandang maintenance


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