IMF warns fuel tax cuts favor upper-income households
‘We do not recommend to mute the signal for gasoline because high income households that can afford to pay higher gasoline prices will also benefit,’ he said,…
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102,108 results for “IMF Philippines fuel taxes”
‘We do not recommend to mute the signal for gasoline because high income households that can afford to pay higher gasoline prices will also benefit,’ he said,…
Any suspension of excise taxes on gasoline and diesel would only benefit upper-income households, despite the waiver of such taxes on liquefied petroleum gas…
The IMF has lowered its Philippine growth forecasts for 2026 and 2027, citing weaker-than-expected public investment, delayed infrastructure spending, subdued…
The International Monetary Fund (IMF) has slashed its gross domestic product (GDP) forecasts for the Philippines in 2026 and 2027, citing delays in government…
Sen. Bam Aquino is calling for the suspension of fuel excise taxes and VAT as high fuel prices continue to burden drivers, commuters, farmers, fisherfolk and…
‘The Secretary is just waiting for the certification from the Department of Energy that the price of Dubai Crude Oil has exceeded the threshold.’
The Department of Finance (DOF) said it is awaiting certification from the Department of Energy (DOE) that Dubai crude prices have breached the $80-per-barrel…
The BIR and IMF are strengthening the Philippines’ tax compliance system through data-driven risk management, focusing on high-risk sectors and improving…
The Bureau of Internal Revenue (BIR) and the International Monetary Fund (IMF) are working to strengthen the agency’s Compliance Risk Management (CRM) system…
ADB and IMF have sharply cut their 2026 Philippine GDP growth forecasts as Middle East conflict-driven energy price shocks weigh on domestic demand, tourism…
The IMF urges the Philippines to strengthen anti-money laundering and counter-terrorism financing measures, including amending decades-old bank secrecy laws,…
The IMF projects the Philippine economy to grow 5.4% in 2025 and 5.7% in 2026, citing resilient growth, successful disinflation, and supportive reforms, though…
‘Ocean fishing and tourism-related services activities contributed an average of 30 percent and 11 percent of the total growth in ocean-based activities,…
‘There is an urgent need for global action to kick-start the sectors’ decarbonization. The time has come for a global tax on international aviation and…
Studies show that sound progressive taxation or the imposition of higher taxes on high-income earners, can secure enough funds for social development amid the…
The IMF is urging the Philippine government to re-evaluate its tax incentive programs.
‘Some measures could be to reduce some tax exemptions and also improve the tax refunds system which can increase compliance’ — IMF Deputy Division Chief Eli…