fuel excise tax - updates

Rappler's latest stories on fuel excise tax

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In Cebu, Serge Osmeña hits part of TRAIN law before Angara

Mar 31, 2019 - 3:21 PM

Senatorial candidate Sergio Osmeña III says he will move to scrap the fuel excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law

BROTHERS. Senatorial bet Sergio Osmena III joins his brother Tomas, who is the reelectionist Cebu City mayor, at the proclamation party of the regional party BOPK. Photo by Aika Rey/Rappler

Senatorial bets hit TRAIN law, fuel excise tax

Feb 25, 2019 - 11:17 AM

As fuel serves as a key component in production of goods, a number of senatorial candidates called for a repeal in the fuel excise tax law

A gasoline attendant fills up a passengers jeepney with fuel at a gas station in Commonwealth Ave in Quezon City on Sunday, November 4, 2018. Oil firms earlier in the day hike prices of diesel by P1.00 per liter and gasoline by P1.10 per liter. Photo by Darren Langit/Rappler

Economic managers change mind, recommend fuel tax hike in 2019

Nov 29, 2018 - 4:25 PM

The recommendation comes in light of the decline in world oil prices

A gasoline attendant fills up a passengers jeepney with fuel at a gas station in Commonwealth Ave in Quezon City on Sunday, November 4, 2018. Oil firms earlier in the day hike prices of diesel by P1.00 per liter and gasoline by P1.10 per liter. Photo by Darren Langit/Rappler

Senate eyes 6-month fuel tax hike suspension in 2019

Oct 24, 2018 - 2:35 PM

(UPDATED) Senator Sherwin Gatchalian says the suspension would enable consumers to adjust from the higher prices being experienced in 2018

House opposition wants to suspend excise tax increases on fuel, oil

Sep 10, 2018 - 8:30 PM

Opposition lawmakers argue suspending the excise tax increases on fuel and oil products will help curb rising inflation

RISING. The TRAIN law affects fuel prices. File photo by Ben Nabong/Rappler

Filipinos to feel impact of higher fuel tax starting mid-January

Jan 03, 2018 - 6:00 PM

Fuel prices could go up in two weeks' time, once existing petroleum stocks of retailers are used up

HIGHER PRICES. A man holding a petrol pump nozzle at one of Shell's gasoline filling stations. Photo from AFP

House passes reform bill, with higher tax rate for 'super-rich'

May 31, 2017 - 5:53 PM

While HB 5636 will lower personal income tax rate to 25 VAT exemptions will be lifted on several sectors

APPROVED. The House approves the first batch of tax reforms being proposed by the Duterte administration. Photo by Mara Cepeda/Rappler

Duterte certifies tax reform bill as urgent

May 29, 2017 - 4:00 PM

The House of Representatives could approve the bill on both 2nd and 3rd readings this week

President Rodrigo Duterte now wants the House to prioritize the tax reform bill before it adjourns session this week. File photo by Malacañang  President Rodrigo Duterte now wants the House to prioritize the tax reform bill before it adjourns session this week. File photo by Malacañang

House begins debates on Duterte tax reform package

May 23, 2017 - 11:05 PM

House ways and means committee chairperson Dakila Cua estimates P157 2 billion in government revenues will be generated from the tax reform package in its first year of implementation

PLENARY. Lawmakers hold their plenary session on May 23, the same day the tax reform package was sponsored for 2nd reading. Photo by Mara Cepeda/Rappler

FULL TEXT: Sugar-sweetened beverage taxes promise P47B revenue – Suansing

May 23, 2017 - 8:46 PM

Nueva Ecija 1st District Representative Estrellita Suansing says collection will be used to assist sugar farmers and fund school based feeding programs

SPONSOR. Nueva Ecija 1st District Representative Estrellita Suansing delivers her sponsorship speech for the tax reform package. Screengrab from the House Youtube account

FULL TEXT: Revenue from tax reform to improve Filipinos' lives – Cua

May 23, 2017 - 8:30 PM

The House ways and means committee chairman says the package aims to generate revenue for social welfare infrastructure education healthcare job generation among others

SPONSOR. House ways and means committee chairperson Dakila Cua delivers his sponsorship speech for the tax reform package. Screengrab from the House Youtube account

Higher excise tax on fuel to further burden poor – Quimbo

May 18, 2017 - 5:42 PM

A P3 increase in diesel prices may lead to a P0 52 increase in minimum fare in jeepneys mostly used by wage earners

FOR EVERY JUAN. House Deputy Speaker Miro Quimbo talks about the tax reform program in a forum at Ateneo Graduate School of Business. Photo by Sofia Tomacruz/Rappler

House committee approves Duterte tax reform package

May 03, 2017 - 7:50 PM

The House ways and means panel is also eyeing a provision imposing an additional P10 excise tax on sugar sweetened beverages and carbonated drinks

TAX REFORM. House committee on ways and means chairperson Dakila Cua leads the panel tackling the Department of Finance's proposed tax reform package. File photo by Rappler

Higher fuel excise tax means more funds for social services – lawmaker

Jan 24, 2017 - 7:05 PM

The tax reform proposal also aims to reduce poverty incidence from 21 6 to 14 by 2022

BETTER SERVICES. The increased revenue expected fromt he proposed excise tax on fuel will be used to fund social services. Photo by Noel Celis/AFP

Ex-DOF, NEDA chiefs back Duterte tax reform plan

Jan 09, 2017 - 4:50 PM

19 former heads and deputy chiefs of the Department of Finance and the National Economic and Development Authority say the comprehensive tax reform plan would correct the structural weaknesses of the system

ESSENTIAL. Finance Secretary Carlos Dominguez III says the tax reform plan is the lynchpin of the administration's wider reform agenda.

House panel wants tax reform bill passed mid-2017

Oct 17, 2016 - 3:15 PM

The House committee on ways and means meets with the Department of Finance to discuss possible changes to the anti poor measures under the proposed tax reform package

TAX REFORM. House committee on ways and means chairperson Dakila Cua leads the panel tackling the DOF's proposed tax reform package. Photo by Rappler

DOF tax reform proposal ‘anti-poor’ – lawmakers

Sep 29, 2016 - 6:00 PM

Speaker Pantaleon Alvarez also calls out the DOF for failing to include specific proposals to make tax collection more efficient

ANTI-POOR REFORMS. The Makabayan bloc airs their reservations against the DOF's proposed tax reform on September 29. Photo by Mara Cepeda/Rappler

DOF submits first package of tax reforms to Congress

Sep 27, 2016 - 7:45 PM

The first of 4 packages to be submitted includes the restructuring of personal income tax reducing the coverage of VAT exemptions and raising fuel excise tax

Poor to be shielded from fuel excise tax increase – DOF

Sep 05, 2016 - 7:03 PM

Socioeconomic Planning Secretary Ernesto Pernia says now is the best time to adjust fuel excise taxes when crude oil prices are low and impact on inflation is almost negligible

'BEST TIME.' NEDA chief Ernesto Pernia points out that every P1-per-liter increase in fuel prices would translate into an inflation spike of just 0.1 percent. Rappler file photo

Duterte admin keeping seniors' 20% discount, most VAT exemptions

Aug 31, 2016 - 2:45 PM

But the VAT exemption granted to senior citizens when dining in restaurants will be lifted says the DOF because such discounts are usually availed of by affluent senior citizens

VAT ON SENIOR CITIZENS. The VAT exemption granted to seniors when dining in restaurants will be lifted. Photo by Mark Saludes/Rappler

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Aug 23, 2016 - 12:39 PM

Watch the 12PM wRap with Paterno Esmaquel

Gov't tax reform to cost P173.8B in lost revenue

Aug 22, 2016 - 8:49 PM

To offset the loss the government is planning a series of measures such as eliminating some VAT exemptions and fiscal incentives

SPENDING BREAKDOWN. (from left) Socioeconomic Planning Secretary Ernesto Pernia, Budget secretary Benjamin Diokno and Finance Secretary Carlos Dominguez III detail the particulars of the 2017 budget to members of congress at the House of Representatives on August 22. Photo by Chrisee dela Paz/Rappler

Adjusting fuel tax to inflation could net PH P20B

Apr 22, 2016 - 8:15 AM

While the measure would raise fuel prices it could have the same effect on traffic as the sin tax has had on health says the Action for Economic Reforms Group