Taking a hint from San Miguel Corporation president and chief executive officer Ramon S. Ang, senior members of the Lower House want to launcg an inquiry into reported massive smuggling of fuel into the country. Appearing before the House Committee on Ways and Means on Monday, Ang noted that...
The House Committee on Ways and Means is leaning towards the approval of a bill that would suspend for six months the excise taxes on diesel and kerosene and reduce similar imposition on gasoline. Gasoline pump picture In an initial discussion of six legislative measures containing various...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for the builder of the Makati City Subway, the Department of Finance (DOF) announced. In a statement released by the DOF on Monday, Nov. 8, it said that the FIRB took into consideration the projected increase in...
Presidential candidate Senator Christopher “Bong” Go on Friday, Nov. 5 urged President Duterte to give the Department of Budget and Management (DBM) authority to release excise tax proceeds on locally manufactured Virginia-type cigarettes for fiscal years 2018 and 2019 to local government units...
Presidential candidate Senator Manny Pacquiao said he would be pushing for massive tax cuts on personal and corporate income taxes instead of imposing additional taxes to fix the country’s budget deficit should he become the country’s next leader. Pacquiao said he would do this while shoring up...
It will be an early Christmas gift President Rodrigo Duterte will be giving Filipinos if he heeds appeals for the suspension of the imposition on excise tax on petroleum products amid the continued rise in fuel prices. Rep. Jesus 'Bong' Suntay House Deputy Majority Leader and Quezon City Fourth...
A principal author of the law that imposed excise taxes on fuel is now seeking the reduction of the much-criticized imposition but with an effectivity of just six months - from December 1, 2021 to June 1, 2022. Albay Rep. Joey Sarte Salceda Albay Rep. Joey Sarte-Salceda, chairman of the House...
If the Commission on Elections (Comelec) and the Supreme Court (SC) find former Senator Ferdinand “Bongbong” Marcos Jr.’s prior conviction of tax evasion as a crime of moral turpitude, that will put an end to his aspirations of returning the family name to Malacañang, former Supreme Court...
The alleged photo showing President Duterte together with a certain Xuzhou Construction Machinery Group (XCMG) official named Wang Min doesn't prove anything, aside from the existence of such photo. Presidential Spokesperson Harry Roque (MANILA BULLETIN) This was basically Presidential Spokesperson...
House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate on Thursday, Oct. 29 slammed the Department of Finance for aggressively pushing for approval of a bill that resulted foregone revenues of P260 billion to government while standing strong against any move to suspend the...
One of the largest agricultural groups in the country has joined the snowballing campaign to appeal to President Rodrigo Duterte to suspend the excise tax on petroleum products as fuel cost continued to soar, thus seriously affecting all areas in the agriculture sector. Samahang Industriya ng...
Opposition lawmakers on Tuesday, Oct. 26 urged leaders of the House of Representatives to prioritize the passage of a bill that seeks to repeal the law imposing excise tax on oil products. Makabayan bloc2 House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate and ACT Teachers...
