It will be an early Christmas gift President Rodrigo Duterte will be giving Filipinos if he heeds appeals for the suspension of the imposition on excise tax on petroleum products amid the continued rise in fuel prices. Rep. Jesus 'Bong' Suntay House Deputy Majority Leader and Quezon City Fourth...
A principal author of the law that imposed excise taxes on fuel is now seeking the reduction of the much-criticized imposition but with an effectivity of just six months - from December 1, 2021 to June 1, 2022. Albay Rep. Joey Sarte Salceda Albay Rep. Joey Sarte-Salceda, chairman of the House...
House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate on Thursday, Oct. 29 slammed the Department of Finance for aggressively pushing for approval of a bill that resulted foregone revenues of P260 billion to government while standing strong against any move to suspend the...
One of the largest agricultural groups in the country has joined the snowballing campaign to appeal to President Rodrigo Duterte to suspend the excise tax on petroleum products as fuel cost continued to soar, thus seriously affecting all areas in the agriculture sector. Samahang Industriya ng...
Opposition lawmakers on Tuesday, Oct. 26 urged leaders of the House of Representatives to prioritize the passage of a bill that seeks to repeal the law imposing excise tax on oil products. Makabayan bloc2 House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate and ACT Teachers...
The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures. In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Finance...
