Emergency Hotlines: LANDLINE (+63) 2 911 – 8688

Posts Tagged ‘excise tax’

Country in a ‘win-win-win’ situation with increased cigarette tax—WHO

Posted on Tuesday, 4 June 2019 12:13 PM | No Comments
The World Health Organization (WHO) has said that raising taxes on cigarette will be a “win-win-win” situation and can save around 460,000 lives. According to WHO representative to the Philippines,...

New excise tax on petroleum products effective January 1

Posted on Monday, 31 December 2018 10:11 PM | No Comments
    MANILA, Philippines — Despite the rollback on petroleum products, there will be a new excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) Law. As stated...

Diokno: Suspension of 2nd tranche of fuel excise tax may affect gov’t fuel subsidies

Posted on Thursday, 18 October 2018 12:21 AM | No Comments
  The government assured that it will continue its program that offers assistance to jeepney drivers who are bearing the brunt of surging oil prices. According to Budget Secretary Benjamin...

Senate minority to push for suspension of excise tax

Posted on Wednesday, 10 October 2018 12:42 PM | No Comments
PASAY CITY, Philipppines – The Senate minority will file a resolution on Wednesday (October 10) to seek the suspension of the implementation of excise tax under the new tax reform...

Airline, shipping firms eye rate increase due to fuel excise tax

Posted on Thursday, 31 May 2018 09:58 AM | No Comments
  MANILA, Philippines — Cebu Pacific and the Philippine Airlines seek to reimpose fuel surcharges due to the series of increases in the prices of oil products. Cebu Pacific’s Vice President...

Gov’t to suspend fuel excise tax if price reaches $80 for 3 months

Posted on Tuesday, 22 May 2018 05:49 PM | No Comments
  MANILA, Philippines – Malacañang confirmed that the government would suspend the imposition of excise tax on fuel should its average price for three consecutive months reaches USD$80 per barrel...

DOE: New tax rates not applicable to old fuel stocks

Posted on Tuesday, 2 January 2018 02:11 PM | No Comments
MANILA, Philippines — Motorists are yet to feel the effects of the Tax Reform for Acceleration and Inclusion (TRAIN) Bill. The Department of Energy (DOE) said old stocks are not...

BIR sues Olongapo hospital for tax

Posted on Friday, 22 December 2017 04:06 PM | No Comments
MANILA, Philippines — The Bureau of Internal Revenue (BIR) sues a private hospital in Olongapo City for its failure to remit the taxes collected from its doctors and employees. BIR...

Health groups see rise in number of smokers next year if proposed tax increase on cigarettes fail

Posted on Monday, 20 November 2017 06:50 PM | No Comments
MANILA, Philippines — Studies conducted by several health groups reveal the Philippines has the cheapest prices of cigarettes in the world. If to be compared with other countries, a pack of...