President Marcos convened the fourth meeting of the UPLIFT Committee on Tuesday, April 21, but there is no word yet on the fate of the excise tax on diesel and gasoline. Palace Press Officer and Communications Undersecretary Claire Castro said the matter was not discussed during the meeting. "Hindi...
Suspending the excise tax offers a better respite than telling oil companies to fully implement a fuel price rollback, Senator Risa Hontiveros said on Monday, April 20. Hontiveros pointed this out in response to President Ferdinand “Bongbong” Marcos, Jr.’s directive for oil companies to...
Senator Sherwin Gatchalian is pushing for suspension of excise tax on diesel, arguing that it is the "fuel for the masses." While President Marcos already suspended excise tax on liquefied petroleum gas (LPG) and kerosene, Gatchalian wanted to expand scope of such suspension on oil products to...
President Marcos has ordered the temporary suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene for three months to ease the burden of rising fuel costs amid the ongoing energy crisis. The directive was issued through Executive Order No. 114, signed on April 16, following the...
Transport group Manilbela ended its three-day strike with a march to Mendiola, Manila, on Friday, April 17, renewing calls for the suspension of fuel taxes and a rollback in oil prices to ease the burden on drivers and commuters. Hundreds of jeepney drivers and operators gathered at Welcome...
DAVAO CITY – The city government of Davao will implement an expanded package of tax incentives to encourage new investments and strengthen the city’s overall business climate. Councilor Myrna Dalodo-Ortiz, chairperson of the Committee on Trade, Commerce, and Industry, said the new measure will...
Is President Marcos being fed the wrong information by his economic managers, resulting to the delay in the suspension of the excise tax on diesel and gasoline? House Legislative Energy Action Development (LEAD) Council presiding officer, Marikina City 2nd district Rep. Miro Quimbo; and Deputy...
The Bureau of Internal Revenue’s (BIR) tax collections rose by double digits in March, providing a critical fiscal buffer for the Marcos administration as it grapples with persistent energy crisis that threatens to dampen domestic demand. Preliminary data released by the agency on Wednesday,...
Senator Loren Legarda called for the immediate suspension of fuel excise tax and value-added tax (VAT) on diesel and gasoline, even as she criticized the slow government response to elevated fuel prices. This follows the April 13, press conference of President Marcos, where he announced the...
President Marcos has extended the deadline of filing of 2025 income tax returns (ITR) from April 15 to May 15. It aims to give taxpayer more time to file their ITR properly without incurring penalties. "Pinalawig natin ang deadline ng filing ng 2025 Annual Income Tax Returns mula April 15 hanggang...
Senator Imee Marcos rued her brother, President Marcos ' decision not to include diesel in the short list of petroleum products covered by excise tax suspension. "Nagtanggal nga sila ng excise tax pero hindi pa nila isinama ang diesel na siyang numero unong ginagamit ng ating mga driver,...
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 27-2026, publishing the updated list of medicines exempt from 12-percent value-added tax (VAT), as endorsed by the Food and Drug Administration (FDA). Released on April 8, 2026, the circular covers 2,263...
