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(Eagle News)–Senator Bam Aquino on Friday, May 25, urged the government to suspend the excise tax imposed on petroleum products. Aquino made the statement amid what he said was the surge in prices of goods, and after the Department of Energy said this was possible under the Tax Reform for Acceleration and Inclusion law. The DOE said, however, that such a suspension would only cover the excise taxes due for 2019. It was only possible, it […]
(Eagle News) –The Bureau of Internal Revenue (BIR) has reported it has collected roughly P4 billion more in monthly excise taxes from Mighty Corporation during the September-December 2017 period. BIR Commissioner Caesar Dulay said the P20.22 billion–collected since Japan Tobacco Inc. (JTI) fully took over Mighty Corp.’s operations—represents a 262 percent increase from the P5.57 billion collected for the same period in 2016. “What stands out there is the Mighty-JTI improvement in collections…,” Dulay said. […]
Majority of gas stations nationwide would have already hiked prices by the end of the month because of the Tax Reform for Acceleration and Inclusion law. Energy Assistant Secretary Leonido Pulido III said in Thursday’s committee on energy hearing that approximately 90 percent of all gas stations would have made the price adjustments. He said the so-called Big 3— Caltex, Petron, and Shell —and Flying V already implemented price hikes on January 15. Authorities have said […]
(Eagle News) – Mahigpit na babantayan ng Department of Trade and Industry (DTI) ang mga paggalaw ng presyuhan sa mga pamilihan kasunod ng pagpapatupad ng tax reform law. Ayon kay DTI Secreatry Ramon Lopez, wala pang isang porsyento (1%) ang dapat na paggalaw sa presyo ng mga bilihin dahil sa dagdag na excise tax. Hindi din aniya dapat kaagad na ipinapasa ito sa mga mamimili. Samantala, magkaiba naman ng pananaw ang DTI at ng Philippine […]
(Eagle News) — Senator Bam Aquino on Wednesday warned of what he said was a possible domino effect of the increase in fuel prices with the passage of the Tax Reform for Acceleration and Inclusion law. In a statement, Aquino, who voted against the passage of TRAIN, said such an increase would lead to an increase in the prices of consumer goods. “Sa huli, mahihirap na Pilipino pa rin ang papasan at magdurusa sa epektong […]
(Eagle News) — Napapanahon na raw para magkaroon ng tax reform sa bansa. Ayon kay Albay Rep. Joey Salceda, masyado nang mataas ang binabayarang buwis ng mga ordinaryong mangagawang Pilipino. Sa Asya aniya ang Pilipinas ang may pinakamataas na buwis na ipinapataw sa mga empleyado. Si Salceda ang may-akda at naghain sa House Bill 4688 o Tax Reform for Acceleration and Inclusion (TRAIN). Nakasaad sa nasabing panukalang batas na ibaba ang personal income tax ng […]
