excise-taxes | ABS-CBN News

Senate body reviewing Duterte DOF's proposed taxes, hikes

Wena Cos, ABS-CBN News
Updated as of Jul 20 08:13 PM

The Senate's tax panel is reviewing measures earlier proposed by the administration of former President Rodrigo Duterte to pay the country's debts and sustain growth. Read more »

Freeze on fuel excise taxes unlikely: Senate office

Wena Cos, ABS-CBN News
Posted at Jul 20 06:12 PM

A Senate body studying taxes said proposals to suspend fuel excise taxes are not likely to pass as the impact on government revenues will be "too drastic." Read more »

Gatchalian urges P3,000 monthly aid for PUV drivers

Sherrie Ann Torres, ABS-CBN News
Posted at Jun 22 07:22 PM

Gatchalian came up with the recommendation while taking note of the government’s 'snail pace' distribution of the Pantawid Pasada Program cards. Read more »

Marcos: Fuel tax suspension needs deeper study

Jessica Fenol, ABS-CBN News
Updated as of May 26 03:23 PM

Marcos Jr said proposals to suspend fuel excise taxes amid rising prices should first go through a "cost-benefit" analysis. Read more »

Colmenares calls for 'unbundling' of fuel prices

Jekki Pascual, ABS-CBN News
Posted at Mar 15 07:23 PM

Senatorial bet Neri Colmenares called for the unbundling of pump prices as a way for consumers to understand fuel prices and prevent oil firms from overpricing. Read more »

PH to lose P117-B in revenues if fuel tax suspended

Job Manahan, ABS-CBN News
Posted at Mar 11 04:22 PM

Deferring excise taxes would cut P6 per liter off the price of diesel and P10 off for gasoline, and P5 off for kerosene, based on the TRAIN Law. Read more »

Suspending fuel taxes to hit gov't services, DBM says

Job Manahan and Pia Gutierrez, ABS-CBN News
Posted at Mar 09 09:27 PM

The budget department said suspending excise taxes on petroleum products will significantly affect the government’s delivery of social services. Read more »

P2.5-B fund for fuel subsidy may be out this weekend

Pia Gutierrez, ABS-CBN News
Updated as of Mar 09 05:51 PM

Duterte earlier approved the recommendation to distribute P2.5 billion in fuel subsidies as the country reels from continuous spikes in petroleum products due to the worsening conflict between Ukraine and Russia. Read more »

Senators eye measures to cushion impact of oil hikes

Sherrie Ann Torres, ABS-CBN News
Posted at Mar 08 06:00 PM

Senators on Tuesday proposed various measures to cushion the impact of high fuel prices on consumers as the cost of crude continues to rise on the world market. Read more »

Isko asks Congress to halve oil taxes amid price spike

Katrina Domingo, ABS-CBN News
Posted at Mar 07 06:25 PM

Presidential bet Isko Moreno Domagoso appealed to Congress to consider halving the taxes on oil products as crude costs spike due to the Ukraine crisis. Read more »

Pacquiao backs suspending fuel excise taxes

ABS-CBN News
Posted at Feb 22 05:29 PM

Presidential candidate Manny Pacquiao said he will support calls for a moratorium on the imposition of excise tax on petroleum products. Read more »

Group urges to keep Petron refinery running amid closure reports

Warren de Guzman, ABS-CBN News
Posted at Oct 29 12:03 AM

Several news organizations earlier reported that Petron was planning to permanently shut down its Bataan refinery because the tax system put it at a disadvantage versus importers of finished products.  Read more »

Cigarette tax stamps down 59 percent during lockdown: DOF

ABS-CBN News
Posted at Aug 11 03:12 PM

The total number of cigarette tax stamps issued by the Bureau of Internal Revenue (BIR) during the lockdown of Metro Manila and other parts of Luzon fell by more than half, the Department of Finance (DOF) said Tuesday. Read more »

Duterte raises taxes on alcohol, e-cigarettes; exempts certain medicines

Arianne Merez, ABS-CBN News
Updated as of Jan 23 05:39 PM

MANILA- President Rodrigo Duterte has signed a law increasing taxes on alcohol, heated tobacco and vapor products, his spokesman Salvador Panelo confirmed Thursday. Read more »