Enough is enough. After the country's inflation rate soared to 5.7 percent, Senator Bam Aquino has called for the swift passage of bill seeking suspend the excise tax on fuel under the tax reform law. Under the "Bawas presyo bill,"…
tax reform law
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Malacañang on Monday (July 30) sought to ease senators’ fears about supporting the second tranche of the tax reform law by assuring them that the measure will not result in new taxes.
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The tax reform law has a “tax-freeze” provision which must kick in when the benchmark price of crude oil in the world market reaches $80 a barrel.
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As much as P75,000 has been added to the suggested retail prices of vehicles sold by Honda Cars Philippines as a result of the tax reform law.
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With the new tax reform law already in place, Sen. Sonny Angara on Tuesday said Transportation Secretary Art Tugade has no more excuse to delay the rehabilitation of the Metro Rail Transit (MRT) cannot be carried out.