Philippine Government Defends Fuel Tax Policy Amid Calls for Relief
The Philippine government and its economic managers are defending their decision to limit the suspension of fuel excise taxes, while lawmakers and business groups continue to push for broader tax reliefs and expanded fuel subsidy programs to address rising prices. Discussions also include the implementation and allocation of existing fuel subsidies.
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Tax reliefs pushed while gov’t fixes social aid system — Quimbo
MANILA, Philippines — Lawmakers are pushing proposals to provide tax relief by either suspending the collection of excise taxes and value-added tax (VAT) on fuel while the government tries to fix its social aid system, Marikina Rep. Miro Quimbo said on Friday. Quimbo explained that the proposals, particularly calls to suspend VAT collection or place a
By mmercado
Read full article →Economic managers defend non-suspension of fuel tax
Suspending the excise tax on diesel and gasoline is unlikely to provide meaningful respite as it would mostly benefit the rich, economic managers said, as they vowed to continue providing targeted relief to sectors reeling from the impact of the Middle East conflict.
By Alexis Romero
Read full article →Coverage Timeline
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