The Bureau of Internal Revenue (BIR) has issued its guidelines for the implementation of the Vape Law that also set the floor price for heated, vapor, and other tobacco products. On Thursday, Nov. 17, the BIR published Revenue Regulations No. 14-2022, which serves as its implementing rules and...
The House of Representatives on Monday afternoon, Nov. 14 approved on third and final reading a bill seeking to impose a P100 excise tax on single-use plastic bags, which have long been said to be a major cause of environmental pollution. (Unsplash) Also known as House Bill (HB) No.4102, the...
Senator Grace Poe has refiled her bill seeking to provide for the automatic suspension of excise tax on gasoline and diesel. The suspension will take effect when the average Dubai crude oil price based on the Mean of Platts Singapore (MOPs) exceeds $80 per barrel over a three-month period. Earlier,...
The Department of Finance (DOF) maintained that the government should continue the more targeted approach of fuel subsidy as it warns against bowing to pressure to suspend excise taxes on petroleum. As the incoming Marcos administration is coming under pressure from several parties to implement a...
Local fishers were left with no choice but to look for alternative jobs apart from fishing amid the continuous fuel cost hike in the Philippines. A fisherman in Cavite (Manila Bulletin File Photo) Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) National Chairperson Fernando...
Gabriela, a national alliance of women in the Philippines, reiterated that the scrapping of Oil Deregulation Law, as well as the removal of excise tax on major oil products may help solve the continuously soaring oil prices in the country. (Mark Balmores / Manila Bulletin File Photo) The women’s...
Deputy Speaker Rufus Rodirguez of Cagayan de Oro remains optimistic of things: first, that Vice President Leni Robredo will be the next president of the country. Deputy Speaker Rufus Rodriguez And second, that a Robredo presidency might pave the way for the suspension of excise taxes on fuel which...
Former senator Joseph Victor “JV” Ejercito on Friday renewed his call for the government to suspend the excise tax on fuel to mitigate the ongoing global crisis on petroleum products brought about by the conflict between Ukraine and Russia. Ejercito said it’s imperative for the government to...
The government can review the current structure of the excise tax laws but it should not do so at the expense of fixing the series of increases in the prices of petroleum, Senator Imee Marcos said on Sunday, March 20. Marcos, who chairs the Senate Committee on Economic Affairs, said the immediate...
Communications Secretary Martin Andanar explained that only beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) are set to receive the monthly P200 subsidy approved by President Duterte amid the rising prices of oil and petroleum products. Presidential Communications Secretary Martin...
The proposed P200 monthly aid for poor Filipino families will not be enough amid the surging oil prices, aspiring vice president Senator Francis "Kiko" Pangilinan said as he called for the suspension of excise tax on fuel products. Senator Francis 'Kiko' Pangilinan (Photo courtesy of Team Kiko...
President Duterte has approved the recommendation to retain the fuel excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) Law amid the continuing increase of oil and petroleum products prices, Malacañang announced. President Rodrigo Duterte (Malacañang photo) Communications...
