Senate minority to push for suspension of excise tax

Senate minority to push for suspension of excise tax

PASAY CITY, Philipppines – The Senate minority will file a resolution on Wednesday (October 10) to seek the suspension of the implementation of excise tax under the new tax reform law of the Duterte administration.

The resolution will be filed this afternoon by Senate Minority leader Franklin Drilon, Senators Kiko Pangilinan and Bam Aquino among others.

Meanwhile, the Senate considered it a welcome development that President Rodrigo Duterte is considering to suspend the excise tax on petroleum products come January next year.

Senator Aquino hopes the President will push it for next year while Senator Panfilo Lacson expressed favor to the President’s pronouncement.

“Umaasa po kami na kayang magkaisa ang iba’t ibang partido sa gobyerno upang magkatotoo ang suspension ng excise tax at bawasan ang presyo ng petrolyo,” Aquino said.

“Hindi pa naman ito ginagawa, hindi pa ito move pero maganda at least coming from him kino-consider niyang i-suspend. Because meron ngang provision doon na kapag nag-hit na ng US$80 per barrel dapat talaga i-suspend. Kaya lang sa bicam napalitan ng hindi absolute,” Lacson said.

Lacson added, however, that it is still best to wait the decision of the Chief Executive on the call to suspend the excise tax on oil products. – Nel Maribojoc / Marje Pelayo

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