BIR suspends excise taxes on LPG, kerosene
The BIR has renewed the suspension of excise taxes on LPG and kerosene following a surge in global crude oil prices above the $80-per-barrel threshold,…
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101,480 results for “Philippines oil excise tax”
The BIR has renewed the suspension of excise taxes on LPG and kerosene following a surge in global crude oil prices above the $80-per-barrel threshold,…
BIR issued RMC 100-2026 implementing tax suspensions on LPG and kerosene after Dubai crude prices exceeded the $80 threshold under EO 125.
The BIR renewed the suspension of excise taxes on LPG and kerosene after Dubai crude prices exceeded the $80-per-barrel threshold under Philippine law.
The DoE has triggered the process for possible petroleum excise tax relief after Dubai crude averaged $99.41 per barrel, above the $80 legal threshold.
The Department of Finance (DOF) is proposing higher excise taxes on sweetened beverages, e-cigarettes, alcohol, plastics and vehicles to offset revenue losses…
Representative Franz Pumaren says removing excise tax and VAT on fuel is a “big factor” in easing rising pump prices and protecting consumers’ purchasing…
House Ways and Means Chair Miro Quimbo urges a full suspension of VAT and excise tax on all fuel products, arguing it will give faster, broader relief from…
DOF says suspending excise taxes on petroleum products could result in P43.6 billion in revenue losses over three months, even after VAT gains, with officials…
‘Any shaving of the price will help, whether it’s small or big.’
Balbieran is not sounding a doomsday alarm. He points to an ongoing infrastructure push as a potential buffer.
An economist says suspending fuel excise taxes may offer limited relief but won’t shield the Philippines from rising oil prices driven by global markets, as…
Economists weigh the pros and cons of a potential suspension of fuel excise taxes in the Philippines, highlighting consumer relief versus government revenue…
President Ferdinand Marcos Jr. meets the UPLIFT committee in Malacañang to tackle rising oil prices and possible changes to fuel excise taxes, as the…
Malacañang said fuel taxes cannot be easily reduced as these fund government needs, stressing that oil prices are dictated by global markets. The Philippines…
The Senate approved a priority bill allowing President Marcos Jr. to suspend or reduce excise taxes on petroleum products amid rising oil prices due to Middle…
Oil companies tell lawmakers fuel prices will not drop immediately even if the government suspends or reduces excise taxes, citing existing inventories with…