Tags / Withholding Tax
Withholding Tax
Measures (1)
SBN-1354bill · in_committee
RATIONALIZING THE WITHHOLDING TAX RATE ON REFINED PETROLEUM PRODUCTS
This bill aims to lower the withholding tax rate on income derived from the sale of refined petroleum products to a maximum of 0.1%. It seeks to ease cash flow constraints for oil companies, potentially leading to lower fuel prices for consumers.