Excise Tax? When June 2017 or 2018?

**dr. d** · January 13th, 2018 08:23 PM

Originally Posted by chronicle

May link ka ba? Can't find any news stating that the TRAIN law covers an increase in property tax. Or maybe my google search powers is lousy...

alas!
i am IT-illiterate.
sorry.

**chronicle** · January 13th, 2018 08:27 PM

Originally Posted by dr. d

alas!
i am IT-illiterate.
sorry.

No probs. Magbabaon na lang ako ng extra come payment time.

**aioshin** · January 13th, 2018 08:36 PM

Meron ako na basa about real state less than 5M has tax exemption.. di ko mahanap ang link.

Sent from a mobile device.

**_Cathy_** · January 13th, 2018 08:54 PM

Originally Posted by aioshin

Meron ako na basa about real state less than 5M has tax exemption.. di ko mahanap ang link.

Sent from a mobile device.

Hindi ba Estate tax yun?

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**attorney** · January 13th, 2018 09:33 PM

Originally Posted by dr. d

it's already started, sir.
i paid in advance (december), and the amount was larger by 25%.
three tranches daw...
hindi naman 300% (i hope!!!).

RPT or amilyar is set by local government like the cities. Not congress. Di yan kasali sa train.

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**Trippin** · January 13th, 2018 11:11 PM

Originally Posted by dr. d

either they were total amateurs, or they were lying thru the teeth.
until now, they are insisting it is not gonna happen.

They are obviously lying trying to sway the mindset of the gullible public as that has been the modus of this admin.

I'm all for starting to build our long dilapidated infras but they could have thought this more through. The petrol is an easy revenue target because of its high and inevitable consumption but the negative consequences are far greater than what the DOF/Congress/Senate would have bothered to think or care about.

And the DTI is absolutely toothless with regard to controlling the prices of commodities that are and are not directly affected by TRAIN.

The next two years will add more TONS to the people's already heavy burden.

**dr. d** · January 13th, 2018 11:46 PM

Originally Posted by attorney

RPT or amilyar is set by local government like the cities. Not congress. Di yan kasali sa train.

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perhaps is but a concidence.
my amillares increased, and they are from different municipalities.

**papi smith** · January 14th, 2018 12:57 PM

By law, the RPT is set to be reviewed every 3 years, but do not expect a review that will set it lower

**first_light** · January 14th, 2018 04:47 PM

Originally Posted by papi smith

By law, the RPT is set to be reviewed every 3 years, but do not expect a review that will set it lower

You can lower your RPT by paying early so they will give you discounts.

**tagatamong** · January 15th, 2018 09:24 AM

Originally Posted by CVT

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!

A company produces something and profits.

The manufactured product of the company is taxed. (excise tax)

The company as an entity is taxed based on the profit. (corporate taxes)

The remains, some of which are given away as income to executives and employees is taxed. (income tax)

The expenses of the employee that is bought from income is also taxed. (VAT)

---

In short, quadruple taxation yan minimum.