Posts Tagged TRAIN Law

House aims to pass bill on oil excise tax reduction before session break

Maris Federez   •   November 26, 2021

MANILA, Philippines — Before the session breaks in December, the leadership in the House of Representatives is determined to approve the proposed legislation that seeks to reduce excise taxes imposed...

Proposed suspension of fuel excise tax filed in Lower House

Maris Federez   •   October 29, 2021

MANILA, Philippines — A bill proposing the suspension of the imposition of excise tax on petroleum products has been filed before the House of Representatives (HOR), Deputy Speaker Cagayan De...

Transport groups defer petition for fare hike

Maris Federez   •   October 22, 2021

MANILA, Philippines — Transport groups have announced that they will defer their petition for a P3.00 fare hike. This was after the House Committee on Transportation convened with the group...

P60-B released to cash transfer beneficiaries as of December 2020 — Landbank

Robie de Guzman   •   April 29, 2021

MANILA, Philippines — The Land Bank of the Philippines (LANDBANK) has already released P60.36 billion in unconditional cash transfers (UTC) as of December 2020 to beneficiary households of the Duterte...

DOE urged to create body to monitor new round of fuel tax hikes

Robie de Guzman   •   January 2, 2020

MANILA, Philippines – Senator Sherwin Gatchalian has called on the Department of Energy (DOE) to create a task force that will closely monitor the implementation of the new round of...

Over 100,000 “Pantawid Pasada” fuel subsidy cards distributed to operators, drivers —DOTr

Maris Federez   •   December 30, 2019

MANILA, Philippines — The Department of Transportation announced on Monday (December 30) on its official Facebook page that it has already distributed to more than 100,000 legitimate jeepney operators another...

New excise tax on petroleum products effective January 1

admin   •   December 31, 2018

    MANILA, Philippines — Despite the rollback on petroleum products, there will be a new excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) Law. As stated...

Duterte to public on being taxed: ‘Your money is safe under my term’

Marje Pelayo   •   December 6, 2018

  MANILA, Philippines – President Rodrigo Duterte on Wednesday (December 5) appeased public concerns on the impact of the administration’s tax reforms. “Do not be so sad about being taxed,”...

DOF: Collection of P2/liter fuel excise tax suspended for 3 months

admin   •   October 24, 2018

    MANILA, Philippines —The collection of additional P2.00 per liter in petroleum products in 2019 under the Tax Reform for Acceleration and Inclusion (TRAIN) law will be suspended for...

Diokno: Suspension of 2nd tranche of fuel excise tax may affect gov’t fuel subsidies

admin   •   October 18, 2018

  The government assured that it will continue its program that offers assistance to jeepney drivers who are bearing the brunt of surging oil prices. According to Budget Secretary Benjamin...

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