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News and Events

Afraid the New Tax Law will Jack Up Car Prices? Maybe Not, If You’re Buying the Really Expensive Models

Cars currently costing Php2 million or more may see future prices fall, says an economics policy studies group

When the Department of Finance first released its early proposals for comprehensive tax reforms earlier this year, many in the automotive industry were fearful the proposed excise taxes on motor vehicles may dampen demand for automobiles, especially luxury cars. The DOF proposals, ...

by Pauline Macaraeg  | December 18, 2017 01:00:00
News and Events

Guess What Happens to Your Personal Income Tax Dues Under the Newly Approved Senate Tax Bill

A comparison of the estimated impact on personal income tax rates of the House and Senate tax proposals

In his press release announcing the Senate’s approval of the legislative body’s version of the tax reform package on November 28, the bill’s principal author Senator Sonny Angara said it was the biggest tax relief to be granted the country’s workers.The Senate ...

by Entrepreneur Staff  | November 29, 2017 07:00:00
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