What does it Mean: No Additional Excise Tax for Automobiles this 2019 Under TRAIN Law [Infographic]
Most people who are about to buy new automobiles are afraid of the “excise tax” that they will need to pay. Luckily, in 2019, this should no longer deter anyone who is planning to buy a car in the Philippines because of the no additional tax under TRAIN Law. When the Tax Reform for Acceleration and Inclusion (TRAIN) Law was approved in 2018, it immediately caused the fuel prices to…