BIR suspends excise taxes on LPG and kerosene amid high crude oil prices
BIR issued RMC 100-2026 implementing tax suspensions on LPG and kerosene after Dubai crude prices exceeded the $80 threshold under EO 125.
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17,782 results for “fuel excise tax PH”
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.
Representative Franz Pumaren says removing excise tax and VAT on fuel is a “big factor” in easing rising pump prices and protecting consumers’ purchasing…
President Ferdinand Marcos Jr. meets the UPLIFT committee in Malacañang to tackle rising oil prices and possible changes to fuel excise taxes, as the…
The Department of Energy says suspending fuel excise taxes in the Philippines will not bring immediate relief at the pump, as current fuel stocks are already…
The DBCC is set to submit its recommendation on fuel excise tax to President Marcos following a study on rising oil prices, which may guide possible use of…
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 House approved on second reading House Bill No. 8418, allowing President Ferdinand Marcos Jr. to temporarily suspend or reduce fuel excise taxes during…
The House of Representatives has approved a bill allowing President Marcos to suspend fuel excise taxes during price shocks, providing a responsive tool to…
President Ferdinand Marcos Jr. said he is ready to certify as urgent a bill granting him emergency powers to suspend fuel excise taxes once the committee…
The House Committee on Ways and Means has approved a bill allowing President Ferdinand R. Marcos Jr. to suspend or reduce fuel excise taxes during economic…
Rep. Romualdez applauds the approval of a bill allowing President Marcos to suspend or reduce excise taxes on oil, offering relief amid soaring fuel prices.…
Oil companies tell lawmakers fuel prices will not drop immediately even if the government suspends or reduces excise taxes, citing existing inventories with…
Philippine Economic Team considers temporary reduction of oil excise taxes amid rising global fuel prices due to Middle East conflict, aiming to protect…
Tingog Party-list expressed support for President Ferdinand Marcos Jr.’s proposal to seek congressional approval for the temporary suspension of the fuel…
Senators support President Marcos Jr.'s call to cut excise taxes on petroleum to mitigate inflation amid the Middle East conflict. Learn about the proposed…