Created under the existing RA 8974, the Road Board was mandated to "implement the prudent and efficient management and utilization of special funds," including the Motor Vehicle User's Charge
(MVUC) collected under the said law.
The panel said the measure would 'pave the way for a more transparent and proactive utilization of funds collected through the Motor Vehicle User's Charge
Lastly, the proposed increase in the motor vehicle user's charge
and its indexation to inflation would raise P4.
He said the fund to be used for the programme will be sourced from the taxes derived by the government from motor vehicle users for the use of motorways, or the motor vehicle user's charge
Dominguez told reporters last month that the general tax amnesty program would be part of package '1B,' which would also involve estate tax amnesty and higher motor vehicle user's charge
among other tax administration measures such as lifting bank secrecy in criminal cases and automatic exchange of information.
But the according to a Finance official who declined to be identified, the expected revenue from the TRAIN bill would further increase if Congress approves the DOF's supplemental proposal that will raise the motor vehicle user's charge
The bill seeks to amend the Republic Act 8794 or "An Act Imposing a Motor Vehicle User's Charge
on Owners of All Types of Motor Vehicles and for Other Purposes.
An increase in motor vehicle user's charge
will also bring in P12.
The funds were drawn from the Motor Vehicle User's Charge
and the Special Road Support Fund of the Land Transportation Office, he said.
He said another source of funding for '24/7 roving road repair crews' are Motor Vehicle User's Charge
(MVUC) collections which, by law, are earmarked for road maintenance.
Officially called Motor Vehicle User's Charge
(MVUC), RUT forms bulk of the annual motor vehicle registration.
These automatic appropriations included retirement and life insurance premium, internal revenue allotment for local government units, pensions of former presidents as well as ex-presidents' widows, grants and donations, special account in the general fund (including motor vehicle user's charge
fund), net lending, interest payments and releases under the tax expenditures fund for customs duties and taxes to be paid for government importation.