Do you think the Government should give tax discount on fuel economy cars?

[MAXBUWAYA]

Well, they did it during the 90's with the AUV

Now With Fuel Prices burning are wallets
I think the Government should encourage people to buy fuel economy cars
And they can do this by slashing off the tax or give tax discounts.

I say 1300cc below is enough.

[archangel_1911]

I sure wish that our lawmakers think the same as you do. What is happening here is they are trying to think to tax all things including the vat and evat for instance. What is very disappointing here is they are sometimes using what we are paying as tax in some anomalies like "pangsuhol or panglagay".

One more thing that i'm sure many of us will agree is that we have a gasoline roll back since our peso is gaining strenght against the dollar.

[uls]

Yes good idea ang tax cut on small cars. That would encourage people to buy small cars.

Then increase tax on SUVs and big cars.

[fourtheboys96]

they should definitely consider it. taxation is a very effective economic measure which can achieve a lot of things (by either increasing it or decreasing).

in this case, lessening the tax may impact tax revenue earnings but if we consider the forex savings on petroleum imports as well as the potential reduction in pollution, the society might be gaining more benefits than costs.

[mazdamazda]

Errrr... the excise tax for vehicles costing P700,000 and below is already minimal... that's enough of a tax discount already IMO.

[MAXBUWAYA]

Errrr... the excise tax for vehicles costing P700,000 and below is already minimal... that's enough of a tax discount already IMO.

How much ba?

Any computation?

[meledson]

Dati may tax incentive (lower tax rate) ang mga AUV now. % tax na lahat. Habang tumataas ang selling price, tumataas din ang percentage ng tax. Sorry di ko lang alam kung ilan %.

[MAXBUWAYA]

Dati may tax incentive (lower tax rate) ang mga AUV now. % tax na lahat. Habang tumataas ang selling price, tumataas din ang percentage ng tax. Sorry di ko lang alam kung ilan %.

Yup Value Base na nga pala taxation ngayon, Parang baligtad kung kailan may oil crisis saka pinalitan ang Engine Displacement na taxation.

Maybe they make some kind of formula base on value and Consumption, para naman maencourage ang tao to buy smaller cars.

[meledson]

Just found this at:
http://www.bir.gov.ph/taxcode/2083.htm

CHAPTER VI – EXCISE TAX ON MISCELLANEOUS ARTICLES

SEC. 149. Automobiles. - There shall be levied, assessed and collected an ad valorem tax on automobiles based on the manufacturer’s or importer’s selling price, net of excise and value-added tax, in accordance with the following schedule:

Engine Displacement (in cc.)

Gasoline Diesel Tax Rate
Up to 1600 Up to 1800 15%
1601 to 2000 1801 to 2300 35%
2001 to 2700 2301 to 3000 50%
2701 or over 3001 to over 100%



Provided, That in the case of imported automobiles not for sale, the tax imposed herein shall be based on the total value used by the Bureau of Customs in determining tariff and customs duties, including customs duty and all other charges, plus ten percent (10%) of the total thereof.

Automobiles acquired for use by persons or entities operating within the freeport zone shall be exempt from excise tax: provided, That utility vehicles of registered zone enterprises, which are indispensable in the conduct and operations of their business, such as delivery trucks and cargo vans with gross vehicle weight above three (3) metric tons may be allowed unrestricted use outside the freeport zone: Provided, further, That vehicles owned by tourist-oriented enterprises, such as tourist buses and cars with yellow plates, color-coded, and utilized exclusively for the purpose of transporting tourists in tourism-related activities, and service vehicles of freeport registered enterprises and executives, such as company service cars and expatriates’ and investors’ automobiles brought in the name of such enterprises, may be used outside the freeport zone for such periods as may be prescribed by the Departments of Finance, and Trade and Industry, the Bureau of Customs and the Freeport authorities concerned, which in no case shall exceed fourteen (14) days per month.

In case such tourist buses and cars, service vehicles of registered freeport enterprises and company service cars are used for more than an aggregate period of fourteen (14) days per month outside of the freeport zone, the owner or importer shall pay the corresponding customs duties, taxes and charges.

In the case of personally-owned vehicles of residents, including leaseholders of residences inside the freeport zone, the use of such vehicles outside of the freeport zone shall be deemed an introduction into the Philippine customs territory, and such introduction shall be deemed an importation into the Philippines and shall subject such vehicles to Customs duties taxes and charges, including excise tax due on such vehicle.

The Secretaries of Finance, and Trade and Industry, together with the Commissioner of Customs and the administrators of the freeports concerned, shall promulgate rules and regulations for the proper identification and control of said automobiles.

[meledson]

I think dapat nag dagdag sila sa table na for less than 1000CC (gasoline) Mga 5% lang ang tax.