- Philippine BIR issued RR No. 1-2025 amending regulations on excise tax exemption for electric and hybrid vehicles
- Purely electric vehicles are exempt from excise tax, while hybrid vehicles are subject to 50% of the applicable rate
- BIR will refer to Department of Energy’s electric vehicle recognition list to determine tax exemption
- Post-verification assessment of vehicles may still be conducted by the BIR
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
