Seminars Schedules

Chapter VI – Excise Tax on Miscellaneous Articles

Friday, 8 July 2011, 14:38 | Category : Excise Tax, National Taxes
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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: Net manufacturer’s Price/importer’s selling price Rate Up to P600,000   2% Over P600,000 to P1.1 Million  P12,000+20% of […]