Excise Tax Rationalization on Automobiles

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Republic Act No. 9224: Excise Tax Rationalization on Automobiles

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Title Supreme Court: Excise Tax Rationalization on Automobiles

Law: Republic Act No. 9224

Decision Date: Aug 29, 2003

Republic Act No. 9224 amends the National Internal Revenue Code of 1997 to rationalize the excise tax on automobiles in the Philippines, imposing an ad valorem tax based on the selling price, with adjustments made every two years and exemptions for vehicles used exclusively within freeport zones.

excise tax

automobiles

ad valorem tax

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