Republic Act 10963-Senate Bill 1592-Excise tax
Under RA 10963, vehicle excise taxes are as follows:
4% - up to PhP 600,000
10% - PhP 600,000 over up to PhP 1,000,000
20% - over PhP 1,000,000 up to PhP 4,000,000
50% - over PhP 4,000,000
4% - up to PhP 600,000
10% - PhP 600,000 over up to PhP 1,000,000
20% - over PhP 1,000,000 up to PhP 4,000,000
50% - over PhP 4,000,000
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