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Politics

POE: SUSPEND OIL EXCISE TAX, CUSHION PRICE SURGES

Senator Grace Poe is set to refile her bill seeking to temporarily halt the collection of excise tax on oil products to cushion the blow of the price surges on the Filipino people. Poe’s bill proposes to amend Section 148 of the National Internal Revenue Code to provide for the automatic suspension of the excise […]

Categories
Politics

GOVERNMENT SUSPENSION OF FUEL TAX HIKE IS A STEP IN THE RIGHT DIRECTION – ANGARA

Senator Sonny Angara hailed as a “step in the right direction” government’s decision to suspend the increase in excise taxes on petroleum products amid soaring price of crude in the world market. “We commend President Rodrigo Duterte and his economic managers for staying sensitive to the plight of our people and adjusting with the times. […]