Tag page - pickup trucks

Expect pickup trucks to be more costly after the provision reimposing the excise tax on the vehicle type was approved, alongside other tax reform measures under the proposed Capital Market Efficiency Promotion Act (CMEPA). The CMEPA, a legislation deemed a priority of the administration under the...

The Department of Finance (DOF) is actively pursuing the removal of tax exemptions for pickup trucks that are not essential for small business operations. According to the DOF proposal, the reintroduction of excise tax on pickup trucks marketed as "lifestyle passenger vehicles" will significantly...

With 258 congressmen voting "yes", the House approved on third and final reading Monday afternoon, Nov. 14 the fourth package of the government’s Comprehensive Tax Reform Program (CTRP). (PPAB) Formerly known as the Passive Income and Financial Intermediary Taxation Act (PIFITA), the fourth...