The phrase ‘excise tax’ strikes fear into the hearts of many prospective car buyers, but for 2019, potential customers will be delighted to know that there will be no additional excise tax for brand new cars.
Under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, prices of automobiles and fuel ballooned into an all-time high back in 2018. The ‘excise tax’ sales strategy became prevalent in dealerships as Filipinos were scurrying left and right for the chance to drive a brand new car off the lot. After all, who doesn’t love a good deal? Driving that new car home and out in Metro Manila was a different ordeal in itself. Rising fuel prices made driving around in one’s new acquisition a short-lived and wallet-hurting experience.
Under the aforementioned TRAIN law however, 2019 will be seeing – once again – another fuel price hike. At an additional Php 2.00 per liter of fuel, prices will continue to rise as the year progresses.
Good thing that’s the bad news. The good news is prices of brand new vehicles will receive no increase, as no additional tax is to be filled for the year of 2019 according to the Department of Finance (DOF).
Announced earlier In its Facebook post, the DOF also urged consumers to be vigilant in keeping an eye out for profiteers; salesmen that are looking to eek out extra profit through non-disclosure of actual pricing. The public is also urged to keep an eye out for anyone, dealership or salesman, engaging in the unlawful act of profiteering.
Latest News
-
Lighter traffic ahead? C5 Quirino Flyover opens up / News
The C5 Quirino Flyover extension in Las Piñas City has officially opened
-
Volkswagen previews the ID.Code crossover concept / News
The Volkswagen ID.Code is a car that can drive itself and interact with its passengers and other cars on the road.
-
Will the New Mitsubishi ASX Make Its Way to the Philippines? / News
The newly updated Mitsubishi ASX has debuted in Europe, featuring enhanced technology and design.
Popular Articles
-
Cheapest cars under P700,000 in the Philippines
Aug 25, 2023
-
First car or next car, the Ford EcoSport is a tough package to beat
Jun 18, 2021
-
Car Maintenance checklist and guide – here’s everything you need to know
Earl Lee · Jan 12, 2021
-
Most fuel efficient family cars in the Philippines
Bryan Aaron Rivera · Nov 27, 2020
-
2021 Geely Okavango — Everything you need to know
Joey Deriquito · Nov 19, 2020
-
Family cars in the Philippines with the biggest trunks
Sep 20, 2023
-
Head to head: Toyota Rush vs. Suzuki XL7
Joey Deriquito · Oct 28, 2020
-
Why oil changes are important for your car
Earl Lee · Nov 10, 2020
-
2021 Kia Stonic — What you need to know about it
Joey Deriquito · Oct 16, 2020
-
Top 7 tips for buying a used car in the Philippines
Joey Deriquito · Nov 26, 2020