VAT, oil excise tax suspension vital amid crisis – Quimbo
House Committee on Ways and Means Chairperson Miro Quimbo said that a total suspension of Value Added Tax (VAT) and excise tax on all fuel products could…
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House Committee on Ways and Means Chairperson Miro Quimbo said that a total suspension of Value Added Tax (VAT) and excise tax on all fuel products could…
· 2 min read
The Philippine gaming industry generated P396.14 billion in gross gaming revenues (GGR) in 2025, up 6.39 percent from the P372.33 billion in the previous year,…
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The Bureau of Internal Revenue (BIR) posted gross collection totaling P198.755 billion in March 2026, up by P21.086 billion or 11.87 percent from the same…
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The undersecretary asserted that the DoF’s consideration came down to who would benefit the most from the enactment of such a ruling which, in the case of LPG…
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Filipinos were anticipating the suspension or reduction of the excise tax on gasoline and diesel to preserve their purchasing power.
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Department of Finance (DOF) Undersecretary Karlo Fermin Adriano said that a revenue loss of P43.6 billion is projected if the suspension of excise tax on…
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‘If we remove the VAT on petroleum products, it will mainly benefit the oil market.’
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President Ferdinand Marcos Jr. is set to announce a crucial decision on fuel excise taxes within this week, a move that could bring immediate relief to…
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Department of Finance (DOF) Undersecretary Rolando Ligon Jr. said the proposed suspension of excise tax on fuel remains pending, awaiting approval from…
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‘Any shaving of the price will help, whether it’s small or big.’
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As House Committee on Ways and Means chairperson, Marikina City 2nd District Rep. Miro Quimbo expressed opposition to the proposed removal of the value-added…
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The latest performance ranks among the bureau’s strongest, second only to the record collections posted in Q3 2025. ‘The Bureau of Customs’ highest-ever…
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Cha Eun-woo revealed Wednesday he’s fully paid the taxes fueling massive evasion allegations.
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Education Secretary Sonny Angara on Wednesday threw his support behind continuing tax incentives for schools and education providers to help them navigate…
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Economists are weighing in on the possible suspension of fuel excise taxes, saying it could provide relief to consumers but disadvantage the government…
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Gross internal reserves dropped to $107.5 billion as of end-March, from February’s $112.7 billion record high. Still, the BSP said, ‘this level provides an…
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The Philippines’ gross international reserves (GIR) declined to $107.5 billion as of end-March 2026, reversing the record-high level posted in February,…
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The problem is not only the tax bill itself. The real problem is poor preparation.
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