ECCP at Work

Automotive, Parts, Lubricants, and Fuels Committee Meeting – 30 August 2017

September 08, 2017

ECCP Online

The Committee received a presentation from Senate Tax Study and Research Office –Indirect Taxes Director

Ms. Vivian Cabiling on the status of and updates on the Automotive and Petroleum Taxes, discussing the

salient features of and comparison of the House and Senate versions on the provisions, and with CAMPI/AVID

proposals on the tax bracketing.

  •  Excise Tax on Petroleum Products
    • Increase excise tax over 3 years
    • Remove exemptions on fuels, LPG, banker oil, etc.
    • SBN 1408 : Annual increase of 4% beginning CY 2020
    • HBN 5636 : suspension of increased rates if Dubai crude oil price > USD 80/barrel
  •  Excise Tax on Automobiles
    • Increase excise tax on automobiles within 2 years
    • Delete provision on the indexation of tax brackets
    • SBN 1408 : Exemption of purely electric-powered automobiles
    • HBN 5636 : Exemption of single cab chassis, hybrid vehicles and purely electric powered automobiles

It was reported that Package 1 of the Comprehensive Tax Reform Program is targeted to take effect January
2018.

Other points of discussion were: the European Motor Show 2018, EPBN Automotive Sector Paper, and the EU-Philippines Business Summit 2017.

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