Tags / Small Businesses
Small Businesses
Measures (2)
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.
SBN-1916bill · in_committee
VAT REDUCTION ACT
The VAT Reduction Act proposes to lower the Value-Added Tax (VAT) rate from 12% to 10%, aiming to alleviate the tax burden on consumers and stimulate economic growth.