CTRP-Tax-Myths-v2_auto-excise-weaken-auto-industry-1

The domestic automobile industry will continue to thrive and sustain its growth momentum amid the Duterte administration’s plan to make the excise tax system more progressive, by among others, replacing the current four-bracket system with a five-tier structure that will impose higher rates on the pricier luxury-car segment, according to the Department of Finance (DOF). Read More

CTRP-Tax-Myths-v2_auto-excise-weaken-auto-industry-1

A recognized global expert on energy security has lauded the government’s plan to introduce a fuel marking and monitoring system in the local downstream oil industry as a way to curb fuel smuggling that has been costing the government an estimated P26.9 billion to P43.8 billion in foregone revenues each year. Dr. Ian Ralby, a Read More

CTRP-Tax-Myths-v2_auto-excise-weaken-auto-industry-1

The Department of Finance (DOF) thanked the House of Representatives for approving on third and final reading the proposed Tax Reform and Acceleration and Inclusion Act (TRAIN) and expressed optimism that, with President Duterte declaring it as an urgent measure crucial to his administration’s massive expenditure program, the Senate would similarly pass the measure soon Read More