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Philippines

Toyota Philippines requires lower tax on HEVs

On May 29, 2019, Toyota Motor Philippines (TMP) has sought the same treatment the government gives to electrified vehicle when the excise tax for HEVs was reduced to zero from the current 30%.
TMP president stated that the current tax regime favored BEVs, which are exempt from paying excise tax under TRAIN 1 law.
I....

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