DOF: PH to lose P147.1-B if excise tax, VAT on fuels suspended

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The Philippines will lose P147.1 billion in one year if the excise tax and VAT imposed on fuel will be suspended, DOF said. | NAMercadoINQ

The DOF reiterated that the “better and more equitable way” to address the impact of increasing fuel prices is to provide swift and targeted support to the vulnerable sectors.

The government is set to give away cash grants amounting to P1 billion to at least 178,000 registered drivers of public utility vehicles impacted by the rising prices of fuel.However, Bayan Muna Rep. Carlos Zarate said the amount is not enough to aid drivers.

 

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NAMercadoINQ Sayang. Part ng 147B para sa Pharmally pa naman.😆

NAMercadoINQ Kesa naman sa matulad ang Pilipinas sa Ethiopia.

NAMercadoINQ It is the DOF_PH of Duterte that triggered high inflation exactly from the fuel excise tax effective January 2018. Since then inflation kept going-up resulting to incessant price increases of commodities.👎👎👎

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