The Department of Finance (DOF) slammed the proposed removal of fuel taxes, labeling it as an ill-advised and populist measure that would disproportionately burden the poor. Finance Secretary Benjamin E. Diokno cautioned against the politicians' popular yet detrimental plan to remove value-added...
Senatorial candidate and incumbent Sorsogon Governor Francis “Chiz” Escudero has urged the government to channel all collections from taxes on fuel to a more substantial aid package for struggling households. Instead of the measly P200 monthly allowance, Escudero said Congress should pass a...
The government would need to borrow additional money from creditors should taxes on petroleum products are suspended, the Department of Finance (DOF) warned. Finance Secretary Carlos G. Dominguez III said suspending fuel excise taxes will only provide temporary and minimal relief to consumers, but...
Manila Mayor and presidential aspirant Francisco "Isko Moreno" Domagoso lauded President Duterte on Thursday, March, 10, after the national government increased the fuel subsidy for public utility vehicle (PUV) drivers by 50 percent, equivalent to P5 billion, amid the weekly increase in fuel prices...
The Department of Finance (DOF) has warned that the proposed suspension of the excise taxes on fuel will be inequitable and lead to significant revenue losses, thus threatening the country’s recovery and growth prospects. Amid calls for the government to address the recent spiral in fuel prices,...
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...
