Response from Sec M. Roxas ->EXCISE TAX

[benny010]

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!



*************************************************
-----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

*************************************************

[benny010]

If you will compute, AUV will increase to 40T to 80T pesos, while Trooper & Pajero will increase 260T & 230T resp.

************************************************** **********************

Car |Range |Net Value |P + % |Increase |Total
Peugeot |< 500,000 |700,000 |0 3% |6,000 |706,000
XUVi LE |> 500,000 1,000,000 |954,000 |15,000 15% |83,100 |1,037,100
Trooper |> 1,000,000 2,000,000 |1,569,000 |90,000 30% |260,700 |1,829,700
(Prado vx) |> 2,000,000 |x,x00,000 |390,000 50% |xx0,000 |x,xx0,000

[shadow]

damn!!!!! :evil:

[mbt]

you can't use the current selling price of the vehicle for "net value" because the current selling price includes the excise tax under the current tax scheme.

yung prado is not worth P3,200,000 as it is because that price includes a 100% tax.

[roydok]

[benny010]

oo nga pala... :oops: you're right mbt ...:wink:

[kiper]

kahit na.. ang mahal pa ren..!!

[mbt]

problema na ito... papatak sa 2.5M at least yung dream 4x4 Patrol ko :cry: haaaay... sige ipon muna, 2.499M more to go :lol:

[RedHorse]

at least, babalik na ang mga 4x4 na SUV :D

mbt,

Tip: tanggalin mo cellphone subscription, at 2000/mo at least binawasan mo ng income yang mga cellphone companies. Lakas mag ads, pero kunti ang staff sa mga bus centers nila :evil: :evil: :evil:

[benny010]

effectivity is May 19...
I have 50 days to go... sana lumabas na ang trooper ko :mrgreen:


RedHorse, bakit babalik ang 4x4 :?:

[OTEP]

benny010,

Inalis kasi ang 4WD system para makalausot sa current tax scheme. Since mag-iiba na ang scheme, it wouldn't matter if the vehicle had 4x4 or not. Siyempre competition will heat up and they will start offering 4wd systems again to 'one-up' the competition.

[mangyan]

Anak ng pating...... pangarap kong magka-SUV hanggang pangarap na lang talaga....:cry::cry::cry:

[boybi]

kapag tumaas ang prices ng mga suv, tataas din kaya ang resale value ng mga suv bought before the price increase?

[mbt]

boybi,

probably... prime example is the 2k2 cr-v na tax-exempt prices pa, siguro mabebenta pa rin sila at 900K kung yung going price at that time is mga 1.2+M na. pero hula ko lang yun...

[benny010]

mga 1.04M din ang CRV AT pagna-implement.. :?:
:arrow:

[myk384]

Rather than having exorbitant taxes, why not encourage consumer spending??

[kiper]

tapos hindi pa 4wd un..anak ng teteng talaga oh..

[benny010]

kung sa trooper kaya, kapag 4WD magkano kaya...
yung 4X4 trooper 1.999M last year
kapag na-approbahan yung bagong tax scheme,magkano kaya papatak... :?:
mga 2.1M kaya?

[OTEP]

Dapat kasi alam natin ang presyo ng mga units before taxes para mas madali mag-compute.

[Hiroko]

Dapat kasi alam natin ang presyo ng mga units before taxes para mas madali mag-compute.

oo nga... panu nga ba icompute un?????