Tag page - excise tax

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DOE seeks temporary suspension of excise tax on oil
The Department of Energy (DOE) is seeking the temporary suspension of the imposition of excise tax on fuel as oil price continues to soar in the past several months. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) DOE Secretary Alfonso Cusi said Wednesday, Oct. 20, that he wants it suspended during...
Manila Bulletin

PMFTC accounts half of gov't sin tax haul
PMFTC Inc., the local affiliate of Philip Morris International (PMI), remained the country’s largest cigarette manufacturer in terms of sin tax contributions to government revenue, data from the Department of Finance (DOF) showed. PMFTC Based on the DOF’s analysis, the company behind the...
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