The Department of Finance (DOF) is opposing a bill at the Senate that aims to make fuel cheaper by removing the value added tax (VAT) on petroleum products. Senator Aquilino "Kiko" Pimentel filed early this month Senate Bill No. 2163, which DOF noted would essentially be a "tax break" for those who have cars. The proposed measure is meant to cushion the impact of the second hike in fuel excise tax that started January, according to Pimentel in a statement. The latest fuel excise tax increase was based on the Duterte administration's Tax Reform for Acceleration and Inclusion (TRAIN) Act. DOF Undersecretary Karl Chua, however, said Pimentel's proposal would only benefit the rich. ...
Keep on reading: DOF opposes move to remove VAT from fuel
from INQUIRER.net http://bit.ly/2MGfFm8
add
Subscribe to:
Post Comments (Atom)
Motorcyclist dead in Lucena collision
LUCENA CITY ---- A motorcyclist running against a one-way street died after he collided with another motorcycle in Lucena City early Friday....
-
DIGOS CITY - An Egyptian national was gunned down by still unidentified assailants on Monday (Aug. 19), police said. Police said Ramadan H...
-
Mention the possibility of a remake of the 1980s cult classic "The Princess Bride" and Twitter goes over the edge. That was the le...
-
WASHINGTON --- Democratic congresswoman Katie Hill of California has resigned amid an ethics probe and revelations of an affair with a campa...
No comments:
Post a Comment