Lawmakers have urged swift action, with Senate President Juan Miguel Zubiri stating that a tax suspension could lower pump prices by as much as ₱7 per liter. However, some economists have raised concerns about the impact on government revenue, noting...
Republic Act 12316, which grants the President authority to temporarily reduce or suspend fuel excise taxes, officially took effect on March 25 after being signed by Marcos Jr. the previous day. The law allows the Chief Executive to adjust tax rates ...
𝐑𝐄𝐏𝐔𝐁𝐋𝐈𝐂 𝐀𝐂𝐓 𝐍𝐎. 𝟏𝟐𝟑𝟏𝟔, 𝐬. 𝟐𝟎𝟐𝟔 An Act Authorizing the ...
