Results 41 to 50 of 248
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August 6th, 2003 01:19 PM #41
Yung presyong 980k ng CR-V ngayon is 891k + 89k Vat. Under the new price based tax-scheme, the price would be:
891k + 89k Vat + (12k + 20% of 290) = approx 1,050k
If it were to be taxed based on the current displacement-based tax scheme, and bagong price would be:
891k + 89k Vat + (35% of 891k) = approx 1,292k
OT: alam nyo ba na ang defiinition ng BIR ng AUV is a Philippine-made and designed vehicle with predominantly locally-manufactured content. Labo nga kasi we all know that the Revo, and Adventure was designed in Indonesia and the Crosswind in Thailand. The CR-V obviously wasn't designed in the Philippines.
Labo talaga ng gobyerno!
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August 6th, 2003 01:33 PM #42There are two versions for the excise tax, senate the other house. Dati, pareho sila, until malacanang called recto, kaya nagkahitohito na tayo:
since, magkaiba sila, they will form a bicameral comm., tapos ipapasa na kay GMA of EDSA 2 fame, for signature -- law, lo and behold.
from malaya:
The Senate version pegs the base value at P600,000 to enjoy the minimum 3 percent tax and the top tax rate being pegged to 150 percent, for the high-end vehicles. Vehicles valued at P600,000 to P1million will be taxed P12,000 plus 12 percent of the value of the vehicle in excess of P600,000; those which are worth P1 million to P2 million, P92,000 plus 100 percent in excess of P1 million and those priced at P2 million and above will carry a tax of P1.092 million plus 150 percent in excess of P2 million.
The House version pegs a 3 percent tax rate on vehicles worth P500,000 and below; P15,000 plus 15 percent of value in excess of P500,000 for those valued at P500,000 to P1 million; P90,000 plus 30 percent of the value in excess of P1 million for vehicles priced at over P1 million to P2 million and P390,000 plus 50 percent of value in excess of P2 million for those with sticker price of over P2 million.
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August 6th, 2003 01:53 PM #43balik tayo sa nakaraan.
noon pa man, madaya, maingay na yang honda. To gain entry sa Phil market, naglabas sila ng people's car. Eto yong plantsa.
Until, nobody was making noise, meron nang civic, of course sa specs pa lang hindi na sya people's car.
1996/97 nagkaroon ng bagong tax based on engine displacement, car sales were hardly hit, sumikat naman ang mga FX ng toyota. Honda that time, did not make any noise, kasi yong civic nila eh parang hotcake.
Then, naglabas sila ng CRV, and they point accusing finger on pajero. Bakit daw pareho sila ng tax eh, sila daw eh locally manufactured, at samantala ang pajero ay imported.
So, to accomodate Honda, AGAIN, nagkaroon ng tax ang mga 4x4 na may engine displacement 2.8 and above. Tinamaan dito yong Toyota LCs, pero ok lang daw buhay pa sila sa FX, that was Feb 2000. Pajero's, Patrols and Troopers ay naging 4x2 na lang, pero bumebenta pa rin.
Now came the new CRV, and honda realized, na based on body/no of seats, eh talo pa rin sila ng mga Pajero, Patrol and Trooper, and the hated Revo. Kasi kung internals lang ang pagbabasihan, at present halos pare-pareho na lang. Now, to circumvent the rule they had created, they declared the new Honda as an AUV.
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August 6th, 2003 02:15 PM #44
New excise tax on cars
approved by Senate
Posted: 0:28 AM (Manila Time) | Aug. 06, 2003
By Michael Lim Ubac
Inquirer News Service
THE EXCISE tax on automobiles, approved by the Senate Monday night, would drastically bring down the price of private cars worth 1 million pesos and below, Senator Ralph Recto said Tuesday.
Recto, principal author of Senate Bill No. 2517, known as an Act Rationalizing the Excise Tax on Automobiles, announced that the new excise tax system would make "entry-level" cars affordable to Filipinos. But he admitted that the price of Sports Utility Vehicles (SUVs) -- currently exempt from excise taxes along with other vehicles with 10 or more seats -- would increase.
Recto predicted that, if enacted, the new tax measure would generate a minimum incremental revenue of 740 million pesos from locally assembled vehicles alone, assuming that vehicle sales in 2003 would remain flat at 72,832 units.
Under the Senate's proposed tax rate, automobiles worth 600,000 pesos and below will carry a two-percent ad valorem tax; while those exceeding 600,000 pesos up to 1 million pesos, will be taxed 12,000 pesos plus 20 percent of their value.
A car worth over 1 million pesos up to 2 million pesos, will be taxed 92,000 pesos plus 100 percent of its value, while an automobile worth 2 million pesos and above will be taxed 1.09 million pesos plus 150 percent of its value.
Thus, under the proposed scheme, a Toyota Revo, with an SRP (suggested retail price) of 598,560 pesos, would now cost 610,531 pesos, a difference of 11,971 pesos. The Kia CD 5, with an SRP of 234,667 pesos, would cost 208,114 pesos, a difference of 26,000 pesos.
The Honda City four-door MT, with an SRP of 554,621 pesos, would cost 491,925 pesos, a difference of 62,000 pesos. On the other hand, the Nissan Patrol, an SUV with an SRP of 1.95 million pesos, would cost 2.75 million pesos. A Ford Expedition, with an SRP of 2 million pesos, would cost 3 million pesos.
CR-V MT, with an SRP of 896,313 pesos, would cost 948,958 pesos, while CR-V AT (automatic), with an SRP of 961,389 pesos, would cost 1.039 million pesos.
But other luxury cars, such as BMW, are expected to benefit from the lower excise tax rates. The BMW 316i, with an SRP of 928,000 pesos, would cost 823,499 pesos; while BMW 323 AT, with an SRP of 1.45 million pesos, would cost 1,047,092 pesos
Totoo ba 'to? sub-million peso bimmer?
parang di kapanipaniwala...
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August 6th, 2003 03:54 PM #45
Parati na lang kaming mga four wheelers ang kawawa...
Bad trip talaga...
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August 6th, 2003 04:14 PM #46
san kaya nakuha nung writer yung SRP details ng 316? Ang alam ko ang selling price ngayon ng 316 is around 1.75M na. yung 323 nasa 2M na.
Yung 740 Million na sinasabi ni Recto, tingin ko mga 500 Million dyan ibubulsa lang ng mga taga-BIR at iba pang mga nangungurakot.
Ewan!
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August 6th, 2003 04:23 PM #47
totoo bang naipasa na itong law na to (pertaining to green's post)?
paki-confirm naman. thanks
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August 6th, 2003 04:36 PM #48
tebs,
I just got the post from the inquirer...
pero matagal-tagal pa 'to kasi papasok pa ito sa bicameral committee... may sariling version kasi yung congress.
remember the anti-money laundering law na pumasok din sa bi-cam? Matagal-tagal pa nga ito mapipirmahan ni GMA... haaaayy...
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August 6th, 2003 04:57 PM #49pati E-150 bagsak? mas maluwag naman kesa suburban...
ayan, nagkulang kasi ang lagay, este lobby fund ng manufacturers! ;)
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August 6th, 2003 11:34 PM #50we have to be vigilant... the senate version even if already passed isn't final.. dadaan nga sa bicameral committe (which in itself is like another chamber of congress).. sigurado akong marami pang gagapang dyan sa bicameral committee para maihabol yung gusto nilang i lobby... either way.. the BIR will get its way since regardless if pres GMA signs a new law or not, the current IRR of the BIR would take effect starting sept 8... kung baga, lesser evil na lang ang version ng congress... compared to what the BIR would want na talagang grabe...
ang di ko lang maintindihan at nakaka inggit din minsan.. ang dali daling ipasa ng mga car importers/manufacturers ang mga costs na ito sa mga buyers... eh ako sa negosyo namin.. ang hirap ipasa sa customers ang mga dagdag na expenses at baka hindi na sila bumili!!! grrrr
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