DOF rejects suspension of fuel excise tax
- February 23, 2022
The Department of Finance (DOF) has turned down the idea of suspending the excise tax on fuel to aid certain sectors despite the continuous rise of oil prices globally and locally, arguing
The Department of Finance (DOF) has turned down the idea of suspending the excise tax on fuel to aid certain sectors despite the continuous rise of oil prices globally and locally, arguing
In another move meant to bring down fuel prices, the Department of Energy (DOE) discussed in a recent Senate hearing that it is studying the possibility of suspending the 12% value added