At least two senators have filed the measure seeking to grant President Ferdinand “Bongbong” Marcos Jr. the authority to suspend or reduce fuel excise tax in response to the Middle East conflict. Sen. Joel Villanueva filed Senate Bill No. 1922, which authorizes the President, upon the...
Senators on Tuesday, March 3 supported the proposal to give President Ferdinand “Bongbong” Marcos Jr. the authority to reduce or suspend fuel excise taxes as global oil markets react to the escalating conflict in the Middle East. Senate Majority Leader Juan Miguel “Migz” Zubiri said...
Senator Joseph Victor “JV” Ejercito on Monday, March 2 called on lawmakers to expedite the passage of the bill mandating the automatic suspension of excise taxes on petroleum products. Ejercito made the call in light of the ongoing conflicts in the Middle East involving the United States,...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has overwhelmingly passed on third and final reading a measure that would temper the rate of annual excise tax increases on tobacco products....
House Speaker Martin Romualdez (Ellson Quismorio/ MANILA BULLETIN) House Speaker Martin Romualdez has led the filing of a measure that seeks to scrap excise tax on fuel products. Read in plenary on Monday night, Feb 3 was House Bill (HB)...
(Unsplash) On the strength of 177 affirmative votes, the House of Representatives approved on third and final reading the measure strengthening the administration of excise tax on tobacco products. House Bill (HB) No.11286, which covers...
The House of Representatives has approved on second reading a bill designed to rationalize excise tax rates on tobacco and vapor products, aiming to halt the decline in excise tax collections due to illicit trade. Nueva Ecija Rep. Mikaela Suansing Nueva Ecija Rep. Mikaela Suansing...
Senator Sherwin Gatchalian has expressed concern over the widespread smuggling and illicit trade of excisable products, including cigarettes and vapes, warning this could lead to peace and order issues. Aside from this, Gatchalian also said such activities erode the country’s revenue...
Taxes to protect and fund universal health care (UHC)—such as those slapped on so-called "sin" products like cigarettes, alcoholic drinks, and sweets—still have room for further increases, according to a global task force. "Health taxes continue to be underutilized despite the...
Senator Sherwin Gatchalian has urged the Senate to look into the alleged smuggling of two Bugatti Chiron sports cars into the Philippines “with an end view of abating the outright smuggling of luxury cars” in the country through legislation. Subject of Gatchalian’s resolution is...
Albay 2nd district Rep. Joey Salceda (left), Marikina City 2nd district Rep. Stella Quimbo (Rep. Salceda's office) The top economists in the House of Representatives have aired their concerns over the proposal to suspend excise tax on fuel as a remedy to the...
