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Politics

USE TRAIN LAW FOR CASH GRANTS TO RICE FARMERS– ROMERO

House Deputy Speaker Mikee Romero called on the Department of Agriculture and the Department of Finance to use the Tax Reform for Acceleration and Inclusion (TRAIN) law to directly disburse cash to farmers who are reeling from low palay prices. Romero said the Rice Tariffication Law or Republic Act 11203 does not have provisions for […]

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Politics

GATCHALIAN TO LTFRB: ENSURE 100% DISTRIBUTION OF FUEL SUBSIDIES

Senator Win Gatchalian called on the Land Transportation Franchising and Regulatory Board (LTFRB) to ensure a 100 percent distribution of the fuel subsidies for public jeepney drivers and operators. Gatchalian made the call after the LTFRB announced that fuel subsidies under the Pantawid Pasada Program (PPP) would be increased from P5,000 last year to P20,514 […]

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Politics

MAKE MEDICINES FOR MENTAL ILLNESS VAT-FREE – PIMENTEL

Senator Koko Pimentel III is seeking the expansion of the list of value-added tax (VAT)-exempt medicines to include those prescribed for the treatment of mental health conditions. Senate Bill No. 2193 filed by Pimentel seeks to further amend a provision in the National Internal Revenue Code of 1997, particularly Section 109. “While the Mental Health […]

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Politics

LIFT VAT ON OIL PRODUCTS – PIMENTEL

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 […]

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Politics

ACTIVATE TASK FORCE VS PREMATURE PRICE INCREASES, PROFITEERING – GATCHALIAN

Senator Win Gatchalian is urging the Department of Trade and Industry (DTI) and the Department of Energy (DOE) to activate a task force that will guard against premature price increases and profiteering in the wake of the implementation of a new round of increases in the excise tax on fuel this January. President Rodrigo Duterte […]

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Politics

SCRAP EXCISE TAX ON FUEL – PIMENTEL

Several senators welcomed the move of the House of Representatives to look at various proposals to scrap or suspend the scheduled hikes in the excise tax on fuel and petroleum products under Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law. The House Committee on Ways and Means created a technical […]

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Politics

SUSPEND SCHEDULED FUEL EXCISE TAX HIKES FOR 3 MONTHS – GATCHALIAN

Senator Sherwin Gatchalian said the move of the House of Representatives to review the fuel excise tax is a welcome development as it would give lawmakers the opportunity to carefully study if the scheduled hike is necessary in light of the current rate of inflation. “Magandang nire-review ng lower house ang excise tax para lumabas […]

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Politics

FIX FUEL TAX HIKE UNDER TRAIN LAW – VILLANUEVA

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 […]

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Politics

CURB OIL SMUGGLING, IMPLEMENT FUEL MARKING SCHEME – GATCHALIAN

Senator Win Gatchalian is urging government to speed up the implementation of the fuel marking scheme under the TRAIN Law (Republic Act No. 10963) to plug revenue leakages. After leading the Senate Committee on Economic Affairs in an inquiry on the potential impact of the proposed suspension of the second tranche of the fuel excise […]

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Politics

SENATE TO TAKE IN-DEPTH LOOK INTO DOE’S STRATEGY ON ENERGY SECURITY, SELF-SUFFICIENCY – GATCHALIAN

The Senate Committee on Energy led by Senator Win Gatchalian is set to take an in-depth look into the government’s strategy to ensure energy security and self-sufficiency amid rising global oil prices. Gatchalian has filed Resolution No. 916, which directs the appropriate Senate committee to scrutinize the Department of Energy’s (DOE) national strategy in ensuring […]