Hybrid vehicles shall be subject to 50% of the applicable excise tax rates. But purely electric vehicles and pick-ups shall be exempt from excise tax. and based on the new computation, some of the cars are now cheaper.
Price increase
Wigo - P11k
Vios - P26k
Altis - P131k
Innova - P128k more
Fortuner - P128k more
Price Decrease
Hilux - less P55k to P145k (for the high end model)
Prius - less P217k
LandCruiser - less P272k to 350k
Prado - less P202k
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for GASOLINE
P2017 - P1000 for 20liters of gas
P2018 - P1060 for 20liters of gas
gamay ra kaayu ang difference vs sa imong take home pay.
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Take note - imong take home pay - between P2000 to P7000
All employees earning P8million or less gets lesser tax.
Actually, if your monthly income is less than P883750, you dont pay any additional taxes.
P800k monthly still gets P2500 take home pay.