Pag alis ng VAT at Excise Tax sa PETROLYO isusulong sa Senado скачать в хорошем качестве

Pag alis ng VAT at Excise Tax sa PETROLYO isusulong sa Senado

Press Conference of Senator Erwin T. Tulfo (March 5, 2026) Senator Erwin Tulfo has filed Senate Bill No. 195, which proposes the automatic suspension of excise taxes and VAT on fuel once global crude oil prices hit $80 per barrel. This measure is designed as a temporary relief to shield minimum wage earners, farmers, and fishermen from the inflationary "ripple effect" that high fuel costs have on basic food and transportation. While acknowledging the potential loss in government revenue, Tulfo emphasized that protecting the welfare of struggling citizens must take priority during global supply shocks. Additionally, the Senator called for greater accountability within the DFA, DMW, and OWWA, criticizing reports of unresponsive emergency hotlines for OFWs in Dubai. He reminded frontline officials that their primary duty is to provide 24/7 support and protection to Filipinos abroad, particularly during times of international crisis.