US EditionStarting July 1, pickups no longer exempt from excise tax
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Starting July 1, pickups no longer exempt from excise tax
MANILA, Philippines – The Bureau of Internal Revenue (BIR) reminded automobile buyers that pickups are again subject to excise tax. This started on July 1, when the Capital Market Efficiency Promotion Act (CMEPA) went into force. Section 18 of CMEPA amended the provision of the National Internal Revenue Code that exempts pickups, along with purely
·Manila, Philippines
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