ADVENTURE AND IZUSU

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                    [ArticleID] => 131797
                    [Title] => Government mulls 15% excise tax on passenger cars
                    [Summary] => Here is bad news for car buyers.


Government is seriously considering the imposition of a 15 percent excise tax on passenger cars  and motor vehicles carrying up to 10 people  to raise   much needed revenues.


This would mean that  Asian Utility Vehicles (AUVs), like Toyota’s Revo, Mitsubishi’s Adventure and Izusu’s High-Lander that previously were exempted from excise tax  will now be taxed.


The Board of Investments (BOI) said that a  flat excise tax will also prevent price manipulations without sacrificing the quality of vehicles.


                    [DatePublished] => 2001-08-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Government mulls 15% excise tax on passenger cars

By Marianne V. Go | August 29, 2001 - 12:00am

Here is bad news for car buyers. Government is seriously considering the imposition of a 15 percent excise tax on passenger cars and motor vehicles carrying up to 10 people to raise much needed revenues. This...

Business