Executive Order No. 43 (1987) — 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;

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Sec. 1 Sec. 2 Sec. 3 Sec. 4 · This Executive Order shall take effect on January 1, 1987

Sec. 1

Sec. 1. The owners of motor vehicles classified as "private" shall, upon every annual registration, pay a private motor vehicle tax in accordance with the following schedule:

VEHICULAR TYPE

Light

(1601 cc-& over)

Medium

(2801 cc-2800 cc)

Heavy

(2700 Kg GWAge and below)

Utility Vehicle

(0-1600cc)

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 old

700

1200

2800

900

Sec. 2

Sec. 2. The Minister of Transportation and Communications shall issue the necessary rules and regulations to implement the provisions of this Executive Order.

Sec. 3

Sec. 3. All laws, orders, issuances, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed or modified accordingly.

Sec. 4

This Executive Order shall take effect on January 1, 1987

Sec. 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.