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                    [ArticleID] => 219599
                    [Title] => New excise tax won’t bring down prices of Toyota cars
                    [Summary] => Prices of Toyota’s passenger cars may not drop significantly even with the implementation of a new value-based excise tax.


Toyota Motor Philippines Corp. senior vice president Serafin Pantaleon said that Toyota is still studying its passenger car price structure due to the recent depreciation of the peso against the dollar.


The new excise tax system, which was signed into law last week by President Arroyo, effectively lowers the tax on passenger cars and removes the tax-exempt status of Asian utility vehicles (AUVs).


                    [DatePublished] => 2003-09-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
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TOYOTA AND HONDA CARS PHILIPPINES

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                    [ArticleID] => 219599
                    [Title] => New excise tax won’t bring down prices of Toyota cars
                    [Summary] => Prices of Toyota’s passenger cars may not drop significantly even with the implementation of a new value-based excise tax.


Toyota Motor Philippines Corp. senior vice president Serafin Pantaleon said that Toyota is still studying its passenger car price structure due to the recent depreciation of the peso against the dollar.


The new excise tax system, which was signed into law last week by President Arroyo, effectively lowers the tax on passenger cars and removes the tax-exempt status of Asian utility vehicles (AUVs).


                    [DatePublished] => 2003-09-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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        )

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New excise tax won’t bring down prices of Toyota cars

By Marianne V. Go | September 3, 2003 - 12:00am

Prices of Toyota’s passenger cars may not drop significantly even with the implementation of a new value-based excise tax. Toyota Motor Philippines Corp. senior vice president Serafin Pantaleon said that Toyota...

Business