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Occidental Mindoro Representative Leody Tarriela has filed a bill aimed at cushioning the impact of high gasoline and diesel prices by applying progressive excise taxation on fuel amid the projection that prices of diesel would increase by as much as P6 per liter of gasoline. Under House Bill No. 3628, the excise tax shall gradually […]
With farmers, fisherfolk, and other marginalized sectors bearing the brunt of the oil price hike, Senator Kiko Pangilinan calls to suspend excise tax on fuel under the TRAIN Law. “Dapat palaging isipin kung sino ang mga pinaka-apektado. Palaging ang papasan nito ay ang mga maliliit — ang mga magsasaka na umaasa sa krudo para sa […]
House Deputy Speaker Mikee Romero called on the Department of Agriculture and the Department of Finance to use the Tax Reform for Acceleration and Inclusion (TRAIN) law to directly disburse cash to farmers who are reeling from low palay prices. Romero said the Rice Tariffication Law or Republic Act 11203 does not have provisions for […]
Senator Win Gatchalian called on the Land Transportation Franchising and Regulatory Board (LTFRB) to ensure a 100 percent distribution of the fuel subsidies for public jeepney drivers and operators. Gatchalian made the call after the LTFRB announced that fuel subsidies under the Pantawid Pasada Program (PPP) would be increased from P5,000 last year to P20,514 […]
Senator Koko Pimentel III is seeking the expansion of the list of value-added tax (VAT)-exempt medicines to include those prescribed for the treatment of mental health conditions. Senate Bill No. 2193 filed by Pimentel seeks to further amend a provision in the National Internal Revenue Code of 1997, particularly Section 109. “While the Mental Health […]
Senator Koko Pimentel III has called for the exemption of petroleum products from the coverage of the value-added tax (VAT) to help cushion the impact of the implementation of the second tranche of the fuel excise tax. “As a means of easing the burden on the public, this bill proposes to exempt petroleum products from […]
Senator Win Gatchalian is urging the Department of Trade and Industry (DTI) and the Department of Energy (DOE) to activate a task force that will guard against premature price increases and profiteering in the wake of the implementation of a new round of increases in the excise tax on fuel this January. President Rodrigo Duterte […]
Several senators welcomed the move of the House of Representatives to look at various proposals to scrap or suspend the scheduled hikes in the excise tax on fuel and petroleum products under Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law. The House Committee on Ways and Means created a technical […]
Senator Sherwin Gatchalian said the move of the House of Representatives to review the fuel excise tax is a welcome development as it would give lawmakers the opportunity to carefully study if the scheduled hike is necessary in light of the current rate of inflation. “Magandang nire-review ng lower house ang excise tax para lumabas […]
Senator Joel Villanueva has filed a bill seeking to fix the excise tax hike for fuel products under the Tax Reform for Acceleration and Inclusion (TRAIN) Law. The TRAIN Law raised the excise taxes on fuel products effective January 2018. The law also provides for additional increases scheduled in 2019 and 2020. Under Senate Bill […]