AutoIndustriya.com / Autoindustriya.com | January 10, 2018 20:38
Subaru prices in Philippines to factor in 2018 excise taxes by February
For those looking at getting a Subaru, you likely have until the end of the month to buy it... at 2017 prices.
That was the word we got from Gerry Hernandez, the General Manager of Motor Image Pilipinas, the official distributor of Subaru in the country.
Subaru is able to hold their prices for the time being because many of their units that are stocked in the country were imported, invoiced, and excise tax paid in 2017. These are the units that can be sold at their December 2017 SRPs.
Given Subaru’s model and price ranges, most -if not all- of their models will see price increases under the revisions to the automotive excise tax scheme in Republic Act 10963, or the Tax Reform for Acceleration and Inclusion (TRAIN).
Subaru’s GM says they have a lot of units of the Forester and Impreza that technically fall under the previous tax schedule and can be availed at 2017 prices until supplies last, or until the end of January 2018.
All other units under the 2017 excise tax are already sold. All WRX and STI units under the old excise schedule have all been released or spoken for as well.