Tags / Economic Emergency
Economic Emergency
Measures (3)
SBN-1942bill · in_committee
FUEL PRICE RELIEF ACT
The Fuel Price Relief Act establishes a mechanism for the temporary suspension or reduction of excise tax and value-added tax on petroleum products during extraordinary global oil price increases, aiming to protect consumers from price spikes.
SBN-1940bill · in_committee
SUSPENSION OR REDUCTION OF EXCISE TAXES ON PETROLEUM PRODUCTS
This bill authorizes the President to suspend or reduce excise taxes on petroleum products during national or global economic emergencies, amending the National Internal Revenue Code to provide a mechanism for timely fiscal responses to oil price volatility.
SBN-1923bill · in_committee
GRANTING THE PRESIDENT THE POWER TO SUSPEND THE EXCISE TAX ON PETROLEUM PRODUCTS
This bill grants the President of the Philippines the authority to suspend the excise tax on petroleum products during national or global economic emergencies, allowing for a more flexible response to economic fluctuations.