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Array ( [results] => Array ( [0] => Array ( [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 Toyotas Revo, Mitsubishis Adventure and Izusus 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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By Marianne V. Go | August 29, 2001 - 12:00am
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