auto excise tax hike - updates

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Luxury car business grapples with 'drastic' tax hike proposal

May 15, 2017 - 12:27 PM

The price of a Toyota Camry 3 5 V6 A T will surge to over P3 030 million in 2019 from the current P2 153 million based on a pending bill

'DRASTIC.' The proposal could potentially sap demand for luxury cars, local car companies say. Photo by AFP