Solon wants more taxes for every additional vehicle purchased
Cong. Garin files bill for higher MVUC for each additional vehicle bought
The looming implementation of the Tax Reform Bill, that includes an increase in the excise tax automobiles, may not be the only factor that will raise prices of vehicles in the near future.
House of Representatives Deputy Speaker Sharon Garin has just filed House Bill 3928, which will amend Republic Act 8794 or the Motor Vehicle User’s Charge Law.
Under the bill, the second vehicle purchased by a motorist shall have a motor vehicle user's charge (MVUC) that’s 30-percent higher for the first year, 60-percent for the second year, so on and so forth.
For the third and succeeding vehicles registered, the MVUC will be increased at a rate that follows a specific pattern and formula.
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