President Marcos is expected to announce his decision on the fuel excise tax cut on Tuesday, April 14, as the law granting him emergency powers to either reduce or suspend excise taxes on petroleum products has already taken effect. Marcos has yet to decide on the excise tax cut despite the...
Marikina City 2nd district Rep. Miro Quimbo has expressed reservations on the proposed scrapping of value-added tax (VAT) on fuel amid the House of Representatives ' efforts to come up with a legislative response to the persisting fuel price crisis. Quimbo, an economist, is mainly worried...
Batangas 1st district Rep. Leandro Legarda Leviste is up in arms over the stratospheric price levels of fuel in the Philippines, which he described as among the most expensive in Asia. But at least this problem has a very simple solution, he noted. "Ang Pilipinas ay isa sa may pinakamataas na...
Tax incentives extended to schools are helping ease pressure for tuition increases as institutions grapple with rising operational costs, the Department of Education (DepEd) said on Wednesday, April 8. DepEd Secretary Sonny Angara said this as he highlighted the significant role of existing tax...
Senate President Panfilo “Ping” Lacson on Sunday, April 5, called for a decisive—even “extreme”—government intervention that would shield Filipinos from the relentless surge in petroleum prices. In an interview on radio DZBB, Lacson said the government ought to disclose its actions...
Stressing that the current fuel price crisis isn 't the Filipinos ' own doing, Cavite 2nd district Rep. Lani Mercado-Revilla says the government must take it upon itself to provide the people with immediate relief. “Hindi kasalanan ng Pilipino ang krisis na ito, pero sila ang unang...
Why not redirect excess government revenues from fuel taxes to a direct subsidy program that would help Filipinos pay their monthly electricity bills? Murang Kuryente Party-list Rep. Arthur Yap floated this suggestion even as he pointed out Tuesday, March 31 that the skyrocketing of global oil...
UNDER THE MICROSCOPE With the bill granting the president emergency powers regarding the energy crisis already passed, the president should not just reduce the excise tax on fuels. Rather, he should totally remove it, even temporarily, to give the people some breathing space amid the tightening...
Senator Loren Legarda is set to file the Bayanihan Power to the People Act, or the so-called Bayanihan 3 Law, which seeks to establish a decisive government framework in addressing the impacts of the global oil crisis on Filipino households and the national economy. Legarda stressed that Executive...
President Marcos said proposals to repeal the Oil Deregulation Law and remove the value-added tax (VAT) on fuel are being studied, but stressed that the government is focused on immediate measures to ease the impact of rising oil prices. “As I said before, nothing is being discounted,” he told...
The government should consider suspending or reducing the value added tax (VAT) on fuel products as this can provide immediate and substantial relief to Filipinos burdened by the ongoing oil crisis, Senator Paolo “Bam” Aquino IV said. Aquino made the call during the Proactive Response and...
Senator Loren Legarda has filed three complementary measures seeking to reform the country’s value-added tax (VAT) system to ease the burden on Filipino households now reeling from the oil price hikes due to the conflict in the Middle East. Legarda said the proposals seek to lower the general...
