peeps,
below is the letter of DTI Sec Mar Roxas regarding my inquiry.
I would like to thank him for the response he made.
I also emailed similar inquiry to DOF Sec Camacho but no response yet.
THANK YOU VERY MUCH SEC. MAR ROXAS!



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-----Original Message-----
From: MARoxas*boi.gov.ph [SMTP:MARoxas*boi.gov.ph]
Sent: Thursday, March 27, 2003 9:28 PM
To: MIS
Subject: Re: FW: Attn: DTI Secretary : Question for BIR RR4-2003


Dear Benny,

Thank you for your email to the DTI, seeking clarification on BIR Revenue
Regulation (RR) 4-2003 as it affects prices of automobiles.

You may wish to take note of the pronouncement of the Department of Finance
(DOF) that the aforementioned RR would be implemented on 31 March 2003. In
such a case, the appropriate excise tax shall be levied on all sports
utility vehicles (SUVs) such as the Isuzu Trooper that you plan to buy.
Currently, this type of SUV is exempt from payment of excise tax.

We wish to inform you, too that the Lower House has already passed on 3rd
reading on 10 March 2003 House Bill No. 5719 that will restructure the
excise tax on automobiles based on net manufacturer's price, as follows:

NET MANUFACTURER'S PRICE: RATES:
up to P500 thousand 3%
over P500 thousand up to P1 million P15,000 + 15% of value in excess of P500 thousand

over P1 million up to P2 million P90,000 + 30% of value in excess of P1 million

over P2 million P390,000 + 50% of value in excess of P2 million


The Senate likewise is currently deliberating on a similar bill.

If congress is able to pass the foregoing before 31 March 2003, it is
possible that RR 4-2003 could become moot and academic.

We hope that we have been of help in clarifying your concerns.

Sincerely,

MAR Roxas
Secretary


-----Original Message-----
From: benny010 [SMTP:benny010*i-manila.com.ph]
Sent: Monday, March 03, 2003 8:40 PM
To: mis*dti.dti.gov.ph
Subject: Attn: DTI Secretary : Question for BIR RR4-2003

Trade & Industry Secretary
Manuel A. Roxas

Dear Sir,
My plan to buy a new Isuzu Trooper from my hard earned savings is next year (2004).
I just want to ask you if BIR RR#4-2003 will really be implemented on March 31 2003
Thanks for your time in answering this question.
Benny

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