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Tag: Oil excise tax

BBM opts for ‘ayuda’ to affected sectors than suspend oil excise tax

President-elect Ferdinand “Bongbong” Marcos Jr. prefers to provide aid to the sectors affected by the continuing increase in fuel prices instead of suspending the...

Oil excise tax suspension to deprive gov’t of P131b

The proposed suspension of excise tax collection from petroleum products may result in substantial revenue loss to the government amounting to P131.4 billion for...

Oil excise tax

The Department of Finance reports that 14 billion liters of fuel were marked from Sept. 4, 2019 to Oct. 15, 2020 under the Fuel...

New year, new tax: Rody okays 2nd round of oil levy

President Rodrigo Duterte has backtracked from his earlier promise to temporarily suspend the implementation of the second tranche of oil excise tax for 2019...
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