EXECUTIVE ORDER NO. 43, August 22, 1986

[ EXECUTIVE ORDER NO. 43, August 22, 1986 ]

RESTRUCTURING THE PRIVATE MOTOR VEHICLE TAX

WHEREAS, there is a need to rationalize the structure of the tax on private motor vehicles by basing the same on the ability to pay of the owners thereof as indicated by the type and age of their vehicles;

NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:

SECTION 1. The owners of motor vehicles classified as "private" shall, upon every annual registration, pay a private motor vehicle tax in accordance with following schedule :

VEHICULAR TYPE

Age

Light

(0-1600cc)

Medium (1601cc- 2800cc)

Heavy (2801cc & over)

Utility Vehicle (2700 Kg GW and below)

Current P 1000

P 3000

P 6000

P 1000

1 year old 1000

3000

6000

1000

2 years old 1000

3000

6000

1000

3 years old 1000

3000

6000

1000

4 years old 1000

2400

6000

1000

5 years old 1000

2400

6000

1000

Over 5 years old 700

1200

2800

900

SECTION 2. The Minister of Transportation and Communications shall issue the necessary rules and regulations to implement the provisions of this Executive Order.

SECTION 3. All laws, orders, issuances, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed or modified accordingly.

SECTION 4. This Executive Order shall take effect on January 1, 1987.

Done in the City of Manila, this 22nd day of August in the year of Our Lord, nineteen hundred and eighty-six.

(Sgd.) CORAZON C. AQUINO President of the Philippines

By the President:

(Sgd.) JOKER P. ARROYO Executive Secretary