Tag: excise tax

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Lacson: Senate Giving Priority to President’s Emergency Powers Request Amid Middle East Tensions

The Senate is giving “utmost priority” to President Ferdinand Marcos Jr.’s request for emergency powers to reduce excise tax on petroleum products amid the crisis in the Middle East, Senate President Pro Tempore Panfilo “Ping” M. Lacson said Monday.

Lacson said only those who do not want to help ordinary Filipinos cope with the effects of the Middle East conflict – including the rising prices of oil – would not grant such an emergency power.

“Only those who do not want to help alleviate the suffering of ordinary Filipinos brought about by the uncontrolled increase in the prices of oil in the aftermath of the raging Iran war would refuse to grant such emergency power,” he said.

“In fact, the Senate is giving utmost priority to tackle the measure toward this end,” he added.

In Filipino: Lacson: Senado, Bibigyang Prayoridad ang Hiling ng Pangulo para sa Emergency Powers sa Gitna ng Tensiyon sa Middle East

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Lacson, May Solusyon sa Tumataas na Presyo ng Gasolina

Kondisyunal na pagsuspinde sa excise tax ng gasolina, at ang pagtanggal sa napakaraming Value-Added Tax (VAT) exemptions.

Ayon kay Senador Panfilo “Ping” M. Lacson, ito ang dalawang magkaakibat na solusyon na magbibigay ng hinga sa mga Pilipino sa patuloy na pagtaas ng presyo ng gasolina.

“We can conditionally suspend excise taxes on fuel when oil prices reach a threshold price in the international market such as $90 or even $100 per barrel. This could provide some breathing space not just for the transport sector but those affected by high fuel prices,” ayon kay Lacson sa isang panayam Linggo ng gabi.

Related: Lacson Pushes 2-Pronged Formula for ‘Breathing Room’ Amid Soaring Fuel Prices
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Lacson Pushes 2-Pronged Formula for ‘Breathing Room’ Amid Soaring Fuel Prices

A conditional suspension of the excise tax on fuel, and the scrapping of several lines of exemption in the Value-Added Tax (VAT).

Sen. Panfilo “Ping” M. Lacson said this is the two-pronged formula that can give Filipinos some badly needed breathing room from the effects of prohibitive fuel prices.

“We can conditionally suspend excise taxes on fuel when oil prices reach a threshold price in the international market such as $90 or even $100 per barrel. This could provide some breathing space not just for the transport sector but those affected by high fuel prices,” Lacson said in an interview with the media Sunday evening.

Related: Lacson, May Solusyon sa Tumataas na Presyo ng Gasolina
Continue reading “Lacson Pushes 2-Pronged Formula for ‘Breathing Room’ Amid Soaring Fuel Prices”

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Kapihan sa Senado forum | Nov. 15, 2018

At the Kapihan sa Senado forum, Sen. Lacson answered questions on:
– return of the Balangiga Bells from the US to PH
– portrayal of PNP leadership in ‘FPJ’s Ang Probinsyano’
– suspension of excise tax on fuel products in 2019
– President Duterte’s supposed ‘power nap’ at the ASEAN Summit
– possible arrest of former First Lady Imelda Marcos
– bringing down VAT and cutting the number of exemptions
– possible Senate inquiry into recent killing of local executives
– rogue cops abusing their authority amid a pay raise starting January 2019
– prospective third telco
– DICT leadership change
– legislation transferring training of police recruits from PPSC to PNP
– ‘rampant corruption’ at Customs
– possible extension of martial law in Mindanao

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Quotes from the interview… Continue reading “Kapihan sa Senado forum | Nov. 15, 2018”