Congress is About to Make Cars More Expensive For You

Late last year, the Department of Finance looked at revising the excise tax on new vehicles initially as a means to curb Manila’s worsening problem. Then, they clarified it’s to increase tax collection. With the government bent on reducing personal income tax, they had to find alternative ways to fund government operations. This is especially true as the current administration is looking at spending big on infrastructure development, something that quite frankly, the previous administration didn’t do.
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