The House Committee on Ways and Means is leaning towards the approval of a bill that would suspend for six months the excise taxes on diesel and kerosene and reduce similar imposition on gasoline. Gasoline pump picture In an initial discussion of six legislative measures containing various...
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...
Vice presidential candidate Senator Christopher “Bong” Go on Sunday urged the government to consider granting fuel discounts or subsidy for those in the transportation industry and other strategic sectors to help cushion the impact of the recent oil price increases. Go said the Department of...
Although she is happy now that other presidential aspirants are joining the chorus to freeze the excise taxes on fuel, Vice President Leni Robredo said that she has proposed this move back in 2018. However, being part of the opposition, her pitch wasn't given much attention. Vice President Leni...
The Department of Finance (DOF) said President Duterte has now accomplished eight tenths of his economic reform program that provided income tax cuts for individuals and corporations. In a statement, Finance Secretary Carlos G. Dominguez III said Wednesday, July 28, that 85 percent of the Duterte...
Senator Imee Marcos has appealed for the suspension of the imposition of the 12-percent value-added tax (VAT) on oil products for a year while the country continues to grapple with the COVID-19 pandemic and its impacts to the economy. 18997 The chairperson of the Senate Committee on Economic...
Bureau of Customs (BOC) agents have intercepted a tanker truck loaded with around 30,000 liters of unmarked diesel during a spot inspection in Mariveles, Bataan. GOTCHA-- A tanker truck carrying around 30,000 liters of unmarked fuel was intercepted on May 21,2021 during a spot inspection in...
EDITOR’S NOTE: This is an article from Charlie A. V. Gorayeb, national chairman of CREBA (Chamber of Real Estate & Builders’ Associations, Inc.) The Chamber of Real Estate & Builders’ Associations, Inc. (CREBA) has appealed anew for immediate government intervention against the...
