Sunday 25 June 2017
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1 months ago

Fuel excise tax, VAT removal stall tax reform measure

Leaders of the House of Representatives on Wednesday called for a caucus to ensure the smooth passage of the Duterte administration s proposed tax reform measure, with the hope that it would be approved before Congress goes on recess on May 31. As expected, the new excise tax on fuel, as well as the removal of value-added tax (VAT) exemptions for certain sectors, remained the contentious issues that the House has to resolve in the bill dubbed Tax Reform for Acceleration and Inclusion (TRAIN). In

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