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                    [Title] => Gov’t lost P7.4B in uncollected taxes from used car trade  — PAFI
                    [Summary] => The Philippine Automotive Federation Inc. (PAFI) estimates that the Philippine Government has lost between P5.2 billion to P7.4 billion in uncollected tax revenues from used motor vehicle trading.


This was disclosed by PAFI president Vicente Mills during the recent 7th Asia-Pacific Economic Cooperation (APEC) Automotive Dialogue held at the New World Renaissance Hotel.


                    [DatePublished] => 2005-04-27 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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                    [ArticleID] => 184846
                    [Title] => Used vehicle imports cost government P2B
                    [Summary] => The government could have earned another P2 billion in taxes and duties from locally manufactured vehicles last year, if it had decided earlier to clamp down on the  importation of used vehicles.


Local  motor vehicle manufacturers said  they could have possibly sold another 20,000 units last year  with the government earning the P2-billion  potential revenue based on last year’s  vehicle sales of 76,670 units worth P60 billion on which the industry paid P6 billion in value-added tax; P2.637 billion in duties on imported parts; and P2.058 billion in excise taxes.


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                    [AuthorName] => Marianne V. Go
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                    [SectionUrl] => business
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                    [ArticleID] => 168777
                    [Title] => Automakers reject BOI’s modified tax proposal
                    [Summary] => Chamber of Automotive Manufacturers of the Philippines (CAMPI) president Vicente Mills announced yesterday that CAMPI members have rejected the modified automotive excise  tax proposal of the Board of Investments (BOI).


According to  Mills, the local automotive industry rejected the BOI proposals for several reasons, foremost of which is the   "instability of the tax proposal under adverse economic conditions."


                    [DatePublished] => 2002-07-19 00:00:00
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                    [ArticleID] => 167739
                    [Title] => BOI favors value-based tax on vehicles
                    [Summary] => The Board of Investments (BOI) appears set to adopt a value-based excise tax system on motor vehicles, disregarding the position of local car manufacturers who are lobbying for the continued engine displacement-based excise tax system.


The BOI’s position was revealed yesterday by Gregory Domingo, managing head of the BOI. Speaking at a joint press conference of the 4th Conference on ASEAN Auto Supporting Industries, Domingo said among the major changes that the government is eyeing in the Motor Vehicle Development Program (MVDP) is a value-based taxation system.


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VICENTE MILLS

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                    [ArticleID] => 275508
                    [Title] => Gov’t lost P7.4B in uncollected taxes from used car trade  — PAFI
                    [Summary] => The Philippine Automotive Federation Inc. (PAFI) estimates that the Philippine Government has lost between P5.2 billion to P7.4 billion in uncollected tax revenues from used motor vehicle trading.


This was disclosed by PAFI president Vicente Mills during the recent 7th Asia-Pacific Economic Cooperation (APEC) Automotive Dialogue held at the New World Renaissance Hotel.


                    [DatePublished] => 2005-04-27 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 184846
                    [Title] => Used vehicle imports cost government P2B
                    [Summary] => The government could have earned another P2 billion in taxes and duties from locally manufactured vehicles last year, if it had decided earlier to clamp down on the  importation of used vehicles.


Local  motor vehicle manufacturers said  they could have possibly sold another 20,000 units last year  with the government earning the P2-billion  potential revenue based on last year’s  vehicle sales of 76,670 units worth P60 billion on which the industry paid P6 billion in value-added tax; P2.637 billion in duties on imported parts; and P2.058 billion in excise taxes.


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                    [ArticleID] => 168777
                    [Title] => Automakers reject BOI’s modified tax proposal
                    [Summary] => Chamber of Automotive Manufacturers of the Philippines (CAMPI) president Vicente Mills announced yesterday that CAMPI members have rejected the modified automotive excise  tax proposal of the Board of Investments (BOI).


According to  Mills, the local automotive industry rejected the BOI proposals for several reasons, foremost of which is the   "instability of the tax proposal under adverse economic conditions."


                    [DatePublished] => 2002-07-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [URL] => 
                )

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                    [ArticleID] => 167739
                    [Title] => BOI favors value-based tax on vehicles
                    [Summary] => The Board of Investments (BOI) appears set to adopt a value-based excise tax system on motor vehicles, disregarding the position of local car manufacturers who are lobbying for the continued engine displacement-based excise tax system.


The BOI’s position was revealed yesterday by Gregory Domingo, managing head of the BOI. Speaking at a joint press conference of the 4th Conference on ASEAN Auto Supporting Industries, Domingo said among the major changes that the government is eyeing in the Motor Vehicle Development Program (MVDP) is a value-based taxation system.


                    [DatePublished] => 2002-07-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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abtest

Gov’t lost P7.4B in uncollected taxes from used car trade — PAFI

By Marianne V. Go | April 27, 2005 - 12:00am

The Philippine Automotive Federation Inc. (PAFI) estimates that the Philippine Government has lost between P5.2 billion to P7.4 billion in uncollected tax revenues from used motor vehicle trading. This was disclosed...

Business

Used vehicle imports cost government P2B

By Marianne V. Go | November 21, 2002 - 12:00am

The government could have earned another P2 billion in taxes and duties from locally manufactured vehicles last year, if it had decided earlier to clamp down on the importation of used vehicles. Local motor vehicle...

Business

Automakers reject BOI’s modified tax proposal

By Marianne V. Go | July 19, 2002 - 12:00am

Chamber of Automotive Manufacturers of the Philippines (CAMPI) president Vicente Mills announced yesterday that CAMPI members have rejected the modified automotive excise tax proposal of the Board of Investments...

Business

BOI favors value-based tax on vehicles

By Marianne V. Go | July 10, 2002 - 12:00am

The Board of Investments (BOI) appears set to adopt a value-based excise tax system on motor vehicles, disregarding the position of local car manufacturers who are lobbying for the continued engine displacement-based...

Business