Luxury vehicles costing more than ₱8 million could face a 75-percent excise tax under a new House proposal that seeks to make the country’s tax system more progressive while raising additional revenue from high-value consumption. Marikina 2nd District Rep. Miro Quimbo filed House Bill No. 11465 on Wednesday, proposing changes to the excise tax provisions covering automobiles and other non-essential …
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The Market Monitor Minding the Nation's Business