Posts Tagged excise tax

Bill imposing excise tax on single-use plastic bags hurdles House panel

Robie de Guzman   •   December 10, 2019

MANILA, Philippines – A bill seeking to impose an excise tax on every kilogram of single-use plastic bags has hurdled the House of Representatives’ Ways and Means Committee on Tuesday....

DOE warns suspension of oil excise tax if global price hike continues

Marje Pelayo   •   September 18, 2019

MANILA, Philippines – The government may suspend the implementation of excise tax in oil products if global prices continue to soar in the coming months as a result of the...

House OKs tax hike on alcohol, vape products on third reading

Aileen Cerrudo   •   August 21, 2019

The House of Representatives has approved on third and final reading the bill which seeks to increase taxes on alcohol and vape products. Based on House Bill No. 1026 “distilled...

Duterte signs law on higher excise tax on tobacco

Aileen Cerrudo   •   July 26, 2019

President Rodrigo Duterte signed on Thursday (July 25) the law imposing higher excise taxes on tobacco products, Executive Secretary Salvador Medialdea has confirmed. “To address the urgent need to protect...

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

Aileen Cerrudo   •   June 4, 2019

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

admin   •   December 31, 2018

    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

admin   •   October 18, 2018

  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

Marje Pelayo   •   October 10, 2018

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

admin   •   May 31, 2018

  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

Marje Pelayo   •   May 22, 2018

  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...

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