Tag: VAT

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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”

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Kapihan sa Senado forum | Aug. 2, 2018

At the Kapihan sa Senado forum, Sen. Lacson answered questions on:
– House leadership change and Mayor Sara Duterte’s alleged role
– Lamitan suicide bombing
– Internal cleansing vs scalawags in the PNP
– Charter change and federalism
– Using seized smuggled high-end vehicles vs criminals
– firing of Deputy Ombudsman Carandang
– US proceedings vs Janet Napoles
– TRAIN-2 in the Senate
– proposed 60-40 joint exploration with China in the West PH Sea

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Quotes from the interview…
Continue reading “Kapihan sa Senado forum | Aug. 2, 2018”

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Lacson believes VAT exemption privileges reduction key to solving TRAIN law problems [Manila Bulletin]

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From the Manila Bulletin: Lacson said the best way to counter the high cost of fuel and other petroleum products would be to limit the number of VAT exemptions being granted by the government.

Related:
Ibaba ang buwis: Bawasan ang VAT exemptions
Kung mababawasan ang 143 VAT exemptions…
Sen. Lacson proposes amendments to the Tax Reform Bill

Continue reading “Lacson believes VAT exemption privileges reduction key to solving TRAIN law problems [Manila Bulletin]”

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Interview on DZBB | May 27, 2018

In an interview on DZBB, Sen. Lacson answered questions on:
– the National ID system
– tax reform measures

Quotes from the interview…  Continue reading “Interview on DZBB | May 27, 2018”