Personal income tax (PIT), which is withheld from an employee's salary and paid to the government, remained a major revenue stream for the government despite the lowering of rates on individual taxpayers and the pandemic-induced economic slowdown. Data released from the Department of Finance (DOF)...
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...
Senator Christopher Lawrence “Bong” Go on Friday, March 11 said he supports proposals for a temporary moratorium on the collection of excise taxes on oil products to help Filipinos cope with the economic shocks as the Russia-Ukraine conflict drives up oil prices across the globe. Go emphasized...
Human rights lawyer Chel Diokno is proposing an excise tax freeze on petroleum products in view of the soaring fuel prices that resulted from the Russia-Ukraine crisis. Human rights lawyer Chel Diokno (Photo from Diokno’s campaign team) Diokno, a senatorial aspirant, cited the law allowing the...
Senatorial candidate Herbert “Bistek” Bautista on Thursday opposed proposals for new and higher taxes to pay for the Philippines’ record-high debt of P12-trillion, which is projected to reach P13-trillion by the end of this year. Bautista said the proposals made by President Duterte’s...
Following the massive spike in oil prices on Tuesday, March 8, Senate bet Harry Roque listed some short term, medium term, and long term measures that the government can follow to help mitigate the price surge's effects on consumers. Senate bet Harry Roque (FILE PHOTO) On March 8 , gasoline prices...
Senatorial candidate Monsour Del Rosario said on Tuesday the government should implement a tax break on oil products to cushion the impact of the price hikes caused by the global crisis in light of the conflict between Russia and Ukraine. Del Rosario, who is part of the senatorial slate, of Partido...
Vice-presidential aspirant Senator Francis "Kiko" Pangilinan urged the government to suspend the program to replace 15-year-old jeepneys as drivers and operators are still reeling from the Covid-19 lockdowns the almost-weekly oil price hikes. Senator Francis 'Kiko' Pangilinan and Senator Risa...
The Department of Energy (DOE) asked for something unconstitutional during Monday's Fuel Crisis Ad Hoc Committee meeting--the "delegated authority" to suspend excise tax on fuel--and got chewed up by House members as a result. Ad hoc panel co-chairperson, Albay 2nd district Rep. Joey Salceda asked...
House Deputy Speaker and 1-Pacman Party-list Rep. Mikee Romero is reiterating his call for his colleagues to do away with excise taxes on fuel products even as a House ad hoc panel discusses possible relief mechanisms for consumers amid soaring crude prices. (Unsplash) “Among these measures, the...
Gabriela Women’s Party-list Rep. Arlene Brosas slammed the Department of Agriculture’s (DA) slow rollout of the fuel subsidies meant for farmers, and called on the national government to address the rapidly increasing prices of oil. (Photo from Gabriela Women's Party-list Facebook) “Lahat ng...
Presidential aspirant Vice President Leni Robredo appealed anew for the government to suspend excise taxes on fuel products to address ballooning oil prices amid Russia’s invasion of Ukraine. Vice President Leni Robredo (VPLR Media Bureau) The Department of Energy (DOE) advised Filipino motorists...
