Excise Tax (Automobiles) - 2021

Question 1

any four (4) or more-wheeled motor vehicle regardless of seating capacity, which is propelled by gasoline, diesel, electricity or any other motive power:

*Provided, That, buses, trucks, cargo vans, jeepneys/jeepney substitutes, single cab chassis, and special- purpose vehicles shall NOT be considered as _____.

Answer 1

Automobile

Question 2

a motor vehicle of any configuration that is exclusively designed for the carriage of goods and with any number of wheels and axles:

*Provided, That pick-ups shall be considered as these.

Answer 2

Truck/cargo van

Question 3

a motor vehicle powered by electric energy, with or without provision for off-vehicle charging, in combination with gasoline, diesel or any other motive power

*Provided, That for purposes of this Act, a ______ must be able to propel itself from a stationary condition using solely electric motor.

Provided, that _____ shall be subject to FIFTY PERCENT (50%) of the applicable excise tax rates on automobiles under this Section;

*Provided, further, that purely electric vehicles and pickups shall be EXEMPT from excise tax on automobiles.

Answer 3

Hybrid electric vehicle

Question 4

%Excise Tax
Automobiles

1. For automobiles intended for sale, locally assembled and imported

P0 up to P600,000

Answer 4

4%

* Net of excise tax and value-added tax

Question 5

%Excise Tax
Automobiles

1. For automobiles intended for sale, locally assembled and imported

Over P600,000; Up to P1,000,000

Answer 5

10%

* Net of excise tax and value-added tax

Question 6

%Excise Tax
Automobiles

1. For automobiles intended for sale, locally assembled and imported

Over P1,000,000; Up to P4,000,000

Answer 6

20%

* Net of excise tax and value-added tax

Question 7

%Excise Tax
Automobiles

1. For automobiles intended for sale, locally assembled and imported

Over P4,000,000

Answer 7

50%

* Net of excise tax and value-added tax

Question 8

Taxable base of imported automobiles intended for personal use

Answer 8

BOC total landed value

Question 9

total of:
 market value of per reference books or the dutiable value per
Tariff and Customs Code, whichever is higher
and
 customs duties and other charges

Answer 9

Total landed value

Question 10

%Excise Tax
Automobiles

2. For imported automobiles intended for personal use

EXCEPTIONS

Answer 10

 Importation of more than one automobile within 12 months by
same person

 Sale or transfer of more than one imported automobile within 12 months to the same buyer

 Importation of automobiles in the name of several buyers but represented by a single person