PRESIDENTIAL DECREE NO. 1958, October 10, 1984

[ PRESIDENTIAL DECREE NO. 1958, October 10, 1984 ]

NUMBERED 1934 AND 1950 AND IMPOSING A PRIVATE MOTOR VEHICLE TAX AND FOR OTHER PURPOSES

WHEREAS, the current economic crisis amounts to a grave emergency which affects the stability of the nation and require immediate action;

WHEREAS, the issuance of this decree is an essential and necessary component of the national economic recovery program formulated to meet and overcome the emergency.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree:

SECTION 1. In lieu of the registration fee and energy tax imposed under existing laws, all motor vehicles classified as "private" shall, upon every annual registration, pay a "private motor vehicle tax" in accordance with the following schedule:

Vehicle

Type

Current

1-year

2-year

3-year

4-year

5-year

6-year

Private Light

Passenger Cars (0-1600cc)

P1,000

P1,000

P1,000

P1,000

P1,000

P1,000

P800.00

Medium

(1601cc- 2800cc )

P2,000

P2,000

P2,000

P2,000

P1,600

P1,600

P1,200

Heavy

(2800cc and above )

P4,000

P4,000

P4,000

P4,000

P4,000

P4,000

P2,800

Private Utility Vehicles

(2700 kg GVW and below) - P1000 (regardless of age of vehicle)

Provided that with respect to tax-exempt vehicles, they shall pay registration fees.

SEC. 2. The tax imposed herein shall not apply to all Public utility vehicles.

SEC. 3. Presidential Decree Nos. 1984 and 1950 are hereby repealed and Republic Act No. 4136, as amended h Presidential Decree No. 843 and Batas Pambansa Big. ?4 and all laws, decrees, rules and regulations or parts thereof, which are inconsistent with the provisions of this Decree are hereby modified accordingly.

SEC. 4. The Minister of Transportation and Communications shall issue the necessary rules and regulations to implement the provisions of this Decree, including the manner by which collections under Presidential Decree Nos. 1934 and 1950 shall be adjusted or refunded as the case may be as a result of this Decree.

SEC. 5. This Decree shall take effect immediately.

Done in the City of Manila, this 10th day of October, in the year of Our Lord, nineteen hundred and eighty-four.

(Sgd.) FERDINAND E. MARCOS President of the Philippines

By the President:

(Sgd.) JUAN C. TUVERA

Presidential Executive Assistant