Friday 25 May 2018
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6 months ago

Senate version of auto excise tax bill seen to hit car sales, manufacturing

Carsalesunder the government s automotive resurgence program would take a hit fromhigher excise tax rates passed in the Senate, possibly creating less jobs in the process, Trade and Industry Secretary Ramon Lopez said. This is why, Lopez said, he preferred the auto excise tax rates proposed in the House version of the first tax reform package under the Duterte administration. The House version gives a relatively lower increase for units registered under the CARS program when compared to the Senate versi

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