Friday, August 4, 2017

How much increase in SRP will our favorite cars incur after the Automobile Excise Tax rates?

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I just bought a 2017 Hyundai Tucson GL which goes for P1,113,000. If the said excise tax is implemented before I bought the car, my guess is I would have to shell out around P1,18x,xxx to take home one.

New Rates

The SRP of Automobiles listed above are computed using the formula in the table below.

I wish I could find the information on Net Manufacturing/Importation Prices of popular vehicles so I can do a more accurate computation myself using the rates on the table below.

Note : This are not yet approved or implemented. This is just the proposed rate of the DOF.

From Department of Finance / DOF FB