Politics · Philippines Bureau
DOF to submit fuel excise tax suspension recommendation this week
The Department of Finance is expected to present its recommendation on the proposed suspension of diesel and fuel excise taxes to the Office of the President this week, according to a Bataan congressman.
LSN Philippines ·
MANILA — The Office of the President may receive a formal recommendation from the Department of Finance regarding the suspension of excise taxes on diesel and other fuel products within the week, Bataan Representative Albert Garcia said Wednesday.
Garcia made the statement during House deliberations on the proposed national budget, indicating that discussions on the tax relief measure remain active within the government.
The potential suspension of fuel excise taxes has been a topic of discussion as policymakers weigh measures to address energy costs affecting households and businesses across the country.
The recommendation from the finance department is expected to provide clarity on the government's position regarding the tax suspension and its fiscal implications. Garcia did not elaborate on specific details of the proposed measure or timeline for implementation pending the presidential office's review.