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The amended regulations also defined the scope and definition of automobiles which refer to any four or more wheeled motor vehicles regardless of seating capacity, which are propelled by gasoline, diesel, electricty or any other motive power.


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Bernardo issued CAO 1-2003 to clarify the tax status of completely built-up (CBU) units assembled from imported completely knocked down (CKD) units by participants of the Motor Vehicle Development Program (MVDP) located inside ecozones.


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The amended regulations also defined the scope and definition of automobiles which refer to any four or more wheeled motor vehicles regardless of seating capacity, which are propelled by gasoline, diesel, electricty or any other motive power.


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Bernardo issued CAO 1-2003 to clarify the tax status of completely built-up (CBU) units assembled from imported completely knocked down (CKD) units by participants of the Motor Vehicle Development Program (MVDP) located inside ecozones.


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abtest

Andray Blatche

September 17, 2015 - 10:00am

Andray Blatche

Sports

IN PHOTOS: Fans celebrate as US defeats Ghana in FIFA World Cup

June 17, 2014 - 12:31pm

Fans celebrate as US defeats Ghana in FIFA World Cup

Phl lags behind in car production

By Louella Desiderio | March 28, 2014 - 12:00am

The Philippines continued to lag behind its neighbors in the Southeast Asian region in terms of motor vehicle assembly with...

Business

Tough ASEAN and international competition in Philippine home market for consumer and industrial goods

By Gerardo P. Sicat | January 22, 2014 - 12:00am

The other day, I went to an appliance retailer to purchase a household durable. Being post-Christmas, customers were sparse. Sellers were only too willing to answer any questions to win a customer.

Business

Vehicle output down 4.2%

By Louella Desiderio | August 5, 2013 - 12:00am

The Philippines continued to trail behind its neighbors in the Southeast Asian region in terms of motor vehicle production, with its locally assembled units declining by 4.2 percent in the first semester of the...

Business

Customs starts implementing new excise tax on vehicles

By Rey Arquiza | October 21, 2003 - 12:00am

The Bureau of Customs started yesterday the implementation of the amended rules for the imposition of excise tax on automobiles as prescribed by the Bureau of Internal Revenue. The amended regulations also defined...

Business

BOC sets lower duty on cars made in ecozones

February 15, 2003 - 12:00am

Motor vehicles assembled inside ecozones and sold locally will be levied a duty of only three to seven percent, according to a new Customs administrative order (CAO) issued by Customs Commissioner Antonio M. Bernardo. Bernardo...

Business