Select Page

List of New Vehicle Prices After the Car Excise Tax Bill

by | Nov 30, 2017 | Cars

If you’re in the market for a new car, lest you know of the new Car Excise Tax, you should listen up. The Department of Finance has proposed House Bill 5636 or The Tax Reform for Acceleration and Inclusion (TRAIN). Known also as Car Excise Tax, the bill has been passed by the House of Representatives and is now under conductive review at the Senate.

This is essentially a revision to the current new vehicle excise tax, a feat that car buyers have been taking advantage of for the better part of the decade. To grossly summarize the proposed bill, starting January 1st, prices will dramatically change depending on which price bracket your desired car falls under. For example, the Hyundai Eon will see a spike of P 4,980 in 2018 and P 9,961 in 2019 on its price; while the Toyota Vios’ price will go up by P 18,623 in 2018 and a whopping P 37,247 in 2019. This is computed using DOF’s formula: (net manufacturer’s price + excise tax + VAT).

For your quick reference, we’ve put together in a clear table the list of new vehicle prices after the revised car excise tax bill.

Updated List of Vehicle Prices After the Car Excise Tax Bill 2017

Vehicles Current tax January 2018 January 2019
BMW X1 xDrive20d xLINE 3,340,000 3,539,195 3,738,391
Chevrolet Trailblazer 2.8 Z71 1,881,888 1,976,933 2,071,977
Ford Everest 3.2 Titanium 4WD 2,109,000 2,220,267 2,331,534
Ford EcoSport 1.5 Trend 885,000 900,790 916,580
Honda BR-V 1.5 V Navi 1,119,000 1,154,290 1,189,580
Honda Civic RS Turbo 1,403,000 1,461,957 1,520,913
Hyundei Creta 1.6 GL 988,000 1,012,373 1,036,747
Hyundai EON GLX 508,000 512,980 517,961
Isuzu mu-X LS 3.0 4x4 1,758,000 1,844,195 1,930,391
Lexus IS 350 F Sport 3,228,000 3,419,195 3,610,391
Lexus NX200t 2,848,000 3,012,053 3,176,105
Mazda3 2.0 Speed 1,398,000 1,456,540 1,515,080
Mitsubishi Mirage GLS 720,000 727,059 734,118
Mitsubishi Montero Sport GLS Premium 2WD 1,688,000 1,769,195 1,850,391
Nissan NP300 Navara 4x4 VL 1,536,000 1,606,040 1,676,080
Subaru Forester 2.0 Premium 1,648,000 1,726,338 1,804,677
Suzuki Ciaz 1.4 GLX 888,000 904,040 920,080
Toyota Camry 2.5 V 1,775,000 1,862,410 1,949,819
Toyota Fortuner 2.4 V 1,503,000 1,570,290 1,637,580
Toyota Vios 1.5 G 919,000 937,623 956,247

Source: TopGear Philippines, Car Guide PH

About The Author

Armando Dela Cruz

Friendly neighborhood nerdboy, at your service. Follow me on Twitter: @armanddc.

Leave a reply

Your email address will not be published. Required fields are marked *