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Senator Kiko Pangilinan filed a bill that would authorize the President to temporarily suspend excise taxes on petroleum products during periods of global crisis, aiming to cushion Filipino consumers and businesses from sudden spikes in fuel prices amid the Middle East conflict. Senate Bill No. 1940 aims to give the President the power to suspend […]
Senate Minority Leader Koko Pimentel III called on the government to provide a “lifeboat” to the countless Filipinos struggling with the skyrocketing fuel prices. “Nakakalunod na ang presyo ng krudo. Kailangan ng ‘lifeboat’ ng ating mga kababayan,” Pimentel said. The veteran legislator issued the statement as Filipinos, especially public utility drivers, commuters and even business operators, […]
Instead of the measly P200 monthly allowance, the government should channel all collections from taxes on fuel to a more substantial aid package for struggling households, senatorial aspirant and Sorsogon Governor Chiz Escudero said. Escudero said Congress should pass a supplemental budget to ensure that revenue from the excise taxes, projected to reach P105.9 billion […]
Senator Koko Pimentel III has called for the exemption of petroleum products from the coverage of the value-added tax (VAT) to help cushion the impact of the implementation of the second tranche of the fuel excise tax. “As a means of easing the burden on the public, this bill proposes to exempt petroleum products from […]
Senator Joel Villanueva has filed a bill seeking to fix the excise tax hike for fuel products under the Tax Reform for Acceleration and Inclusion (TRAIN) Law. The TRAIN Law raised the excise taxes on fuel products effective January 2018. The law also provides for additional increases scheduled in 2019 and 2020. Under Senate Bill […]
Suspending excise tax on fuel is an option being considered by government to tame inflation, Special Assistant to the President Bong Go said. In a statement released to the media, Go said while the administration of President Rodrigo Duterte is “open” to suspending the excise tax on fuel, lawmakers and other stakeholders should take into […]