Excise Tax
AUTOMATIC SUSPENSION OR REDUCTION OF EXCISE TAX ON PETROLEUM PRODUCTS
This law allows the President to suspend or reduce excise taxes on petroleum products when the average price of Dubai crude oil exceeds USD 80 per barrel for one month. It sets specific conditions and reporting requirements for such actions.
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.
AUTOMATIC SUSPENSION OR REDUCTION OF EXCISE TAX ON FUELS
This bill allows the President to automatically suspend or reduce excise taxes on fuels when global oil prices exceed USD 80 per barrel, aiming to provide timely relief to consumers during price surges.
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.
PLASTIC BAGS TAX ACT
Senate Bill No. 1608, known as the Plastic Bags Tax Act, proposes an excise tax on plastic bags to reduce plastic waste and generate revenue for environmental programs.
SINGLE-USE PLASTIC BAGS TAX ACT
The Single-Use Plastic Bags Tax Act aims to impose an excise tax on single-use plastic bags to address plastic pollution in the Philippines. It establishes a tax rate of ₱20.00 per kilogram, which will increase by 4% annually starting January 1, 2026, and allocates the revenue to environmental programs.
SINGLE-USE PLASTIC BAGS ACT
Senate Bill No. 1456, known as the Single-Use Plastic Bags Act, proposes an excise tax of ₱150 per kilogram on single-use plastic bags, with a 4% annual increase starting January 1, 2028. The revenue generated will support environmental programs under the Department of Environment and Natural Resources.
SINGIE-USE PLASTIC BAGS TAX ACT
The bill imposes an excise tax on single-use plastic bags to address environmental concerns and fund waste management programs.
AUTOMATIC SUSPENSION OF EXCISE TAXES ON PETROLEUM PRODUCTS
This bill aims to automatically suspend excise taxes on regular gasoline, unleaded premium gasoline, and diesel when the average Dubai crude oil price reaches or exceeds USD 80 per barrel.