Senator Francis “Chiz” Escudero has called on lawmakers to consider amendments to the Tax Reform for Acceleration and Inclusion (TRAIN) Law and grant the President permanent powers to deal with rising oil prices. Escudero noted that the current safeguard in the TRAIN law or Republic Act No....
President Marcos will certify as urgent a proposal that seeks to grant him authority to reduce the excise tax on petroleum products should prices exceed $80 per barrel, Malacañang said. Palace Press Officer and Communications Undersecretary Claire Castro said that since the President was the one...
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,...
Senator Christopher “Bong” Go has joined other lawmakers in pushing for the abolition of the travel tax saying it is an unnecessary burden on Filipinos and ASEAN nationals. Go has filed Senate Bill No.1849, which also seeks to abolish the travel tax imposed on Filipinos leaving the country and...
Senator Jinggoy Ejercito Estrada is now pushing for a bill seeking to lower the individual income tax rates to increase the take-home pay of workers, particularly for low and middle-income earners. In filing Senate Bill No. 1685, Estrada proposes to adjust tax brackets starting in 2027 by amending...
Senate President Pro Tempore Panfilo “Ping” Lacson has filed a bill seeking to grant an amnesty on unpaid estate taxes covering the estates of individuals who died on or before Dec. 31, 2025 that have outstanding or accrued tax liabilities as of that date. In filing Senate Bill No. 1889,...
Senate Majority Leader Juan Miguel “Migz” Zubiri has joined other lawmakers in pushing for a bill seeking to extend the deadline for the Estate Tax Amnesty to December 31, 2028. Zubiri said passage of Senate Bill No. 1865 into law would give heirs more time to settle long-standing obligations...
Senate Majority Leader Juan Miguel “Migz” Zubiri has joined the move to abolish the travel tax and lift what he described as an unnecessary financial burden on millions of Filipinos flying abroad. Zubiri filed Senate Bill No. 1793 titled “Travel Tax Abolition Act of 2026,” which was...
Senator Joel Villanueva on Wednesday, February 11 expressed his support to calls that seek the abolition of the travel tax, saying the policy has long outlived its purpose and hindered the mobility based on financial capacity of Filipinos. Villanueva said he is optimistic that the measure would...
President Marcos has approved 21 priority measures up for passage in June this year, including the proposal to abolish travel tax, Malacañang said. Marcos met with the Legislative Executive Development Advisory Council (LEDAC) on Tuesday morning, Feb. 10, to discuss the priority bills that are...
