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Politics

SCRAP FUEL TAXES AMID RISING PRICES – PIMENTEL

Senator Koko Pimentel III sent his appeal to the incoming Marcos administration to identify and remove taxes and other fees in fuel transactions that can minimize the effects of surging prices of petroleum products. Pimentel said removing the excise tax and other fees on fuel is an Executive action but the veteran legislator will file […]

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Politics

HIKE ‘SIN TAX’ TO SLASH TAX ON FUEL – ABANTE

Increase taxes on vices so that we can reduce taxes on essentials like petroleum products. This was suggested by House Deputy Speaker Bienvenido “Benny” Abante, Jr., who on Thursday proposed raising the excise taxes on tobacco and alcoholic beverages––commonly referred to as “sin” taxes––to offset the losses from reducing the excise taxes on fuel. The […]

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Politics

SUSPEND EXCISE TAX ON FUEL PRODUCTS – GARIN

A leader of the House of Representatives said Congress should review the unbundling of the oil prices and the inclusion of the minimum inventory requirements provision to the Oil Deregulation Law amid skyrocketing oil prices. House Committee on Economic Affairs chair Rep. Sharon Garin said the country experienced an average increase of P5-5.85 per liter […]

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Politics

SUSPEND EXCISE TAX ON FUEL PRODUCTS NOW – ZUBIRI

Senate Majority Leader Migz Zubiri is pushing to suspend the excise tax on fuel products, amid skyrocketing fuel prices sparked by Russia’s war on Ukraine. Further, Zubiri is also calling for stronger implementation of the Biofuels Act, as an option for alternative fuels. “With these prices, we should consider the temporary suspension of the fuel […]

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Politics

RODRIGUEZ: SUSPEND EXCISE TAX ON FUEL NOW

Deputy Speaker Rufus Rodriguez said there is more compelling reason to suspend the excise taxes on oil products due to the worsening Russia-Ukraine crisis, as he echoed his fellow lawmakers’ appeal for leaders of Congress to recommend to President Rodrigo Duterte the holding of a special session. “I support the proposal of my colleagues for […]

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Politics

SUSPEND EXCISE TAX ON FUEL PRODUCTS – PANGILINAN

With farmers, fisherfolk, and other marginalized sectors bearing the brunt of the oil price hike, Senator Kiko Pangilinan calls to suspend excise tax on fuel under the TRAIN Law. “Dapat palaging isipin kung sino ang mga pinaka-apektado. Palaging ang papasan nito ay ang mga maliliit — ang mga magsasaka na umaasa sa krudo para sa […]

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Politics

PLASTIC BAG EXCISE TAX BILL GETS HOUSE PANEL NOD

A panel of the House of Representatives approved a measure seeking to impose a P20 excise tax per kilo of single-use plastic bags. The House Ways and Means Committee, chaired by Albay Representative Joey Salceda, approved the committee report on the substituted bill to House Bill 178, which seeks to add a new section designated […]

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Politics

CREATE TASK FORCE TO MONITOR FUEL TAX HIKE – GATCHALIAN

To protect consumers from premature price increases and profiteering, Senator Win Gatchalian is urging the Department of Energy (DOE) to create a task force that will closely monitor the implementation of the new round of increases in excise tax on fuel this month. Gatchalian is making the call as the third and last tranche of […]

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Politics

HOUSE RATIFIES BILL ON HIGHER SIN TAXES

The House of Representatives has ratified the bicameral conference committee report on a bill seeking to raise the excise tax rates on alcohol products as well as heated tobacco and vapor products in the country. The proposal seeks to amend the Republic Act No. 8424 or the “National Internal Revenue Code of 1997.” This is […]

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Politics

HOUSE APPROVES BILL RAISING TAXES ON ALCOHOL PRODUCTS, CIGARETTES

The House of Representatives approved on third and final reading the bill proposing to increase the excise tax on alcohol and heated tobacco and vapor products. House Bill 1026 was approved with 184 affirmative votes, two negative votes and one abstention, making it the first bill to be approved by the House in the 18th Congress. […]