Excise Tax | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices

Showing posts with label Excise Tax. Show all posts

July 11, 2025

Nissan PH Confirms: No Price Increase For All Navara Variants This July

Nissan Philippines announces that the Nissan Navara will remain at its current suggested retail price (SRP) across all variants for July 2025, following industry-wide developments that are expected to affect pickup truck prices. The current pricing will be available in limited supply, depending on dealership stocks.

Brand-New Pickup Trucks Now Cost This Much Starting July

This is it. The excise tax exemption on pickup trucks is now gone thanks to the effectivity of the Capital Market Efficiency Promotions Act or CMEPA (as we first discovered last April). With that, expect to pay way more, especially for higher trim, lifestyle-oriented variants.

Brace Yourselves For More Expensive Pickup Trucks As Excise Tax Exemption Has Been Removed

Carmakers who’ve been overly reliant on pickup trucks to boost their sales are in for a rude awakening as the Capital Market Efficiency Promotions Act (CMEPA) has been passed into law.

Pickup Trucks May Get Hefty Price Hikes By Mid-2025

The heyday of relatively affordable leisure and lifestyle pickup trucks may soon be over as Senate Bill 2865 or the Capital Markets Efficiency Promotion Act (CMEPA) might be signed into law as early as June according to industry sources.

House Committee Approves To Impose Excise Tax On Pickup Trucks

Eyeing to buy a pickup truck? Better do that soon because they’re about to get more expensive. As if buyers have to contend with an unfavorable exchange rate and lack of supply due to the global parts shortage, the House committee on ways and means just approved a measure which would impose excise tax on pickup trucks.

Duterte Moves to Suspend Second Round of Fuel Excise Tax

It looks like motorists will have a bit of a reprieve come January 1, 2019 as President Rodrigo Duterte has approved the suspension of the second round of excise tax on fuel.

Government is Now Eyeing to Suspend Excise Tax on Fuel

The aches from the continuous fuel price increase may soon be over as the Philippine government mulls to suspend the excise tax on fuel. This news comes just a week after Budget Secretary Benjamin Diokno said that the suspension of TRAIN “will do more harm than good.”

MINI Philippines Freezes Prices Until June 15, 2018

In the market for a brand-new MINI? Well, you better get it before June 15 since British United Automobiles, the exclusive distributor and dealer of MINI has announced that by then, they’ll be increasing their prices up to 10 percent.

Senators Want TRAIN Law Suspended; Government Says, Please No

Senator Bam Aquino is now pushing for the suspension of the Tax Reform for Acceleration and Inclusion or TRAIN Law, The Philippine STAR reports. With inflation levels rising to 4.5 percent, the fastest in five years, it’s sending alarm bells in the legislative that they didn’t fully understand the full implication of TRAIN.

BYD Philippines Offers All-In Lowdown or Zero Percent Interest to Combat TRAIN

Solar Transport and Automotive Resources (STAR) Corporation, the exclusive distributor of BYD vehicles in the country announces low all-in or 0 percent interest on some of its vehicles to negate the price increase brought about by TRAIN.

Ambitious Bridge Project to Link Luzon, Visayas, Mindanao Possible Thanks in Part to TRAIN

The Duterte administration plans to link the country’s three major islands—Luzon, Visayas, and Mindanao with an ambitious 8-bridge project. This announcement was made by the Department of Finance and says that the project aims to “further stimulate growth and create jobs outside Metro Manila.”

44 Percent of Hyundai Philippines' Q1 2018 Sales is Just One Model

Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the country bucks the TRAIN trend and actually grows passenger car sales for the first quarter of 2018.

UPDATED: New Excise Tax Reveals Auto Industry Winners and Losers

UPDATE: Vehicle importers (AVID) also suffers loses for Q1 2018 (4/19).

The Tax Reform for Acceleration and Inclusion (TRAIN) (aka the revised excise tax law) has finally reared its ugly head as evidenced in the Q1 2018 joint CAMPI-TMA sales report. The Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturer’s Association (TMA) reports that new automobile sales are down 8.5 percent year-to-date (January to March 2018 versus January to March 2017).

The Pain of TRAIN: Senate Wants Excise Tax Law Reviewed

Four months into the implementation of the Tax Reform for Acceleration and Inclusion or TRAIN (aka the revised excise tax law), the Senate wants to review the law once more “in aid of legislation”, which is something they should have done in the first place.

Volvo Philippines Lowers Prices Thanks to TRAIN

Volvo Philippines, the local authorized distributor and dealer of Volvo cars in the country, has lowered the prices of 2018 models in accordance to the government’s Tax Reform for Acceleration and Inclusion (TRAIN).

Kia Philippines Rolls Back Pricing on Selected Models with "Rollback Throwback" Promo

Columbian Autocar Corporation, the exclusive distributor of Kia vehicles in the Philippines implemented its new pricing inclusive of the new vehicle excise tax scheme last January. With the Tax Reform for Acceleration and Inclusion or TRAIN taking effect, its vehicles are up across the board. But there’s a bit of good news.

Hyundai Philippines Tweaks Prices Due to Excise Tax

Hyundai Asia Resources, Inc. (HARI), the exclusive distributor of Hyundai vehicles in the Philippines has adjusted their pricing taking into account the Tax Reform for Acceleration and Inclusion or TRAIN law. After holding back last month, these new prices are effective February 15 and with it, carries an upward movement in the suggested retail price.

Suzuki Philippines Increases Prices of Vitara, APV and Super Carry Variants Due to TRAIN

If you’re in the market for a Suzuki vehicle this February, then you’re still in luck. After managing to hold onto their 2017 pricing last January, Suzuki Philippines has largely managed to do the same this month thanks to existing inventory.

Chevrolet Philippines Boards TRAIN; Announces New Prices Effective February

The TRAIN stops for no one. After holding out last January, The Covenant Car Company, Inc. (TCCI), the exclusive distributor of Chevrolet vehicles in the country has finally released their new vehicle prices taking into account the revised new vehicle excise tax.

BMW Philippines Releases Vehicle Prices Inclusive of New Excise Tax

San Miguel Asia Carmakers Corporation (SMAC), the new entity that exclusively distributes BMW automobiles and motorcycles in the country has announced their new official prices inclusive of TRAIN. Effective this month, their new price list also lists the two variants (and of course, prices) of the upcoming all-new X3 which is slated to launch on February 9.

Quick Links

July 11, 2025

July 1, 2025

May 30, 2025

April 25, 2025

August 24, 2022

November 14, 2018

May 24, 2018

May 11, 2018

May 10, 2018

May 3, 2018

April 23, 2018

April 19, 2018

April 13, 2018

April 10, 2018

April 3, 2018

March 1, 2018

February 17, 2018

February 15, 2018

February 3, 2018

February 2, 2018