House panel OKs 90% road tax increase - News Summed Up

House panel OKs 90% road tax increase


MANILA,Philippines — The House of Representatives committee on ways and means yesterday approved a bill increasing the road user tax by 90 percent over three years starting next year. The road user tax is officially called motor vehicle user’s charge or MVUC. Under the Salceda-DOF proposal, the road tax on light cars and similar vehicles those weighing up to 1,600 kilos would go up from the present P1,600 to P2,720 or by P1,120 (70 percent) next year. Thus, a 1,600-kilo car would be levied P2,272 in road user tax in 2023. “We are unjustly penalizing them by including inflation in the road user tax at a time when they did not have cars yet,” he said.


Source: Philippine Star November 11, 2019 16:08 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */