
Philippine Government Defends Fuel Tax Stance Amid Calls for Broader Cuts
The Philippine government and its economic managers are defending their decision not to broadly suspend fuel excise taxes, instead opting for targeted fuel subsidy programs. This comes amidst calls from lawmakers and business groups to cut VAT and excise taxes on fuel.
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Lawmakers, biz groups: Cut VAT, excise on gas, diesel, too
MANILA, Philippines — Business groups are pressing the administration to cut excise and value-added tax (VAT) on petroleum products to cushion the impact of rising costs of production and the price of goods and services, arguing that economic gains from suspending fuel taxes would outweigh revenue losses. Several lawmakers, meanwhile, are seeking an even broader
By cbuban
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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