Tags / Transport Sector
Transport Sector
Measures (2)
SBN-2043bill · in_committee
TEMPORARILY SUSPENDING OR REDUCING THE IMPOSITION OF VALUE-ADDED TAX (VAT) ON PETROLEUM PRODUCTS
This bill aims to temporarily suspend or reduce the Value-Added Tax (VAT) on petroleum products to provide immediate relief during fuel price crises. It allows the President to act based on specific economic conditions, such as high crude oil prices or a declared national emergency.
SBN-1522bill · in_committee
AUTOMATIC SUSPENSION OF EXCISE TAXES ON PETROLEUM PRODUCTS
This bill aimed to amend the National Internal Revenue Code to allow for the automatic suspension of excise taxes on regular gasoline, unleaded premium gasoline, and diesel during periods of sharp price increases or supply disruptions.