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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Latest Daily Tribune news and analysis on BIR Commissioner Romeo D. Lumagui Jr..
BIR issued RMC 100-2026 implementing tax suspensions on LPG and kerosene after Dubai crude prices exceeded the $80 threshold under EO 125.
· 1 MIN READ
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.
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The BIR released P23.67 billion in tax refunds from January to September 2026, up 90.6 percent from the same period last year.
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The BIR is piloting a digital document tracking system to monitor records, strengthen accountability and reduce the risk of misplaced documents across its…
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The BIR requires covered taxpayers to adopt electronic invoicing by December 31, 2026, under new implementing rules, while micro taxpayers remain exempt.
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The BIR has issued rules requiring covered taxpayers to adopt electronic invoicing by Dec. 31, 2026, as part of the digitalization of tax administration.
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The BIR has approved 5,000 applications under its micro taxpayer abatement program, covering P84.51 million in tax liabilities and penalties.
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