Tag: automobile tax hike

DOF pushing for automobile tax hike partly to help solve traffic crisis

MANILA, Dec. 1 – The Department of Finance (DOF) is pushing for the implementation of its proposed restructuring of the excise tax on automobiles not only to partly ensure the financial sustainability of the government’s 10-point socioeconomic agenda on inclusive growth, but also to help deal with the worsening traffic crisis in Metro Manila and other highly congested urban centers. Finance Secretary Carlos Dominguez III said that under the DOF timetable, the implementation of the automobile tax […]