Brent Co / AutoIndustriya.com | April 04, 2018 16:58
Ford’s performance truck may be cheaper in PH because of tax exemption
After Ford revealed the official pricing of the Ranger Raptor for the Thai market, Philippine enthusiasts were quick to go to their favorite currency conversion apps to try to guesstimate the price of the performance pickup.
At the 39th Bangkok International Motor Show, Ford Thailand revealed the suggested retail price for the 2018 Ford Ranger Raptor to be THB 1,699,000 and likewise opened the order books.
Coverting from THB straight to our currency would result to about PHP 2,834,000; that is if it were based on Thai local prices which include excise tax, value added tax, etc. However, it would be interesting to note that in Thailand, the Ranger Raptor is bracketed differently from common pickups, because it uses coil spring suspension for the rear axles. Instead of 12% excise tax imposed on dual cab pickups fitted with leaf springs for the rear axles, it gets slapped with a 25% excise tax similar to that of PPVs (pickup platform vehicles).
In the Philippines, there is no distinction between rear axle spring configuration for pickups. Based on the recently implemented TRAIN tax reform law, pickups are not levied any excise tax. Being made in an ASEAN member country, the Ranger Raptor also enjoys zero import duty.