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Philippines reimposes excise tax on pickup trucks starting July 1, 2025
Reported on July 8, 2025, pickup trucks in the Philippines are no longer exempt from excise tax (starting July 1), following the implementation of the Capital Market Efficiency Promotion Act (CMEPA).
This law amends the National Internal Revenue Code to remove pickups from the list of exempt vehicles, which now only....
This law amends the National Internal Revenue Code to remove pickups from the list of exempt vehicles, which now only....
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