Toyota supports 2-year CARS program extension

toyota supports 2 year cars program extension

Sumary of Toyota supports 2-year CARS program extension:

  • Trade Undersecretary and Board of Investments (BoI) managing head Ceferino Rodolfo earlier said the BoI board will propose to the Fiscal Incentives Review Board to extend the CARS compliance period with the same duration as the state of national emergency.
  • 12, 2022, “unless earlier lifted or extended as circumstances may warrant.
  • Each enrolled vehicle model is qualified to a fiscal support of up to P9 billion, subject to an automotive development fund under the annual General Appropriations Act (GAA) of the government.
  • Create, which was signed into law earlier this year, reduces the country’s corporate income tax and rationalizes fiscal incentives.

Want to know more click here go to source.

From -


Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.