EDITOR’S NOTE (3): We simulate the prices of 42 vehicles under the final bicameral version of the TRAIN bill. Read it here. (12/14/2017).
EDITOR’S NOTE (2): The House of Representatives and Senate have agreed on a compromised version of the new vehicle excise tax which excludes pick-up trucks and EVs. See the story here (12/12/2017).
EDITOR’S NOTE (1): The senate just approved a new version of TRAIN that is friendlier to luxury vehicles. See the full story here. (11/28/2017).
A few days ago, several media outlets including The Philippine STAR reported that The House Committee on Ways and Means has just approved the tax reform package proposed by the Department of Finance. Included in this tax reform package is a revision to the current new vehicle excise tax which car buyers have been enjoying for the good part of a decade.
