Unless you’ve been vacationing on some island without Internet connection for the past few months, chances are that you’ve heard of the Tax Reform for Acceleration and Inclusion or TRAIN Law that was implemented beginning on the first day of the New Year. In a nutshell, the new law imposes taxes on certain goods and services, including motorized vehicles.
Thanks to the higher taxes, major automakers have begun implementing price adjustments on their offerings. One of these is Mazda. Bermaz Auto Philippines, official distributor of Mazda vehicles in the country, announced that its lineup will have a slight retail price adjustment.