Executive Order No. 43 (1986)

82 OG No. 39, 4634-B Supp. (September 29, 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 Light Medium Heavy Utility (1601cc- (2801cc Vehicle Age (0- 2800cc) & over) (2700 Kg GW 1600cc) and below) Current P1000 P3000 P6000 P1000 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 700 1200 2800 900 old

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 All laws, orders, issuances, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed or modified accordingly.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