Fuel crisis: Cut VAT collection if gov’t cannot give aid — Leviste

MANILA, Philippines — If the government cannot provide adequate aid to those hit hardest by the fuel price crisis, it should reduce or suspend the 12 percent value-added tax (VAT), Batangas Rep. Leandro Leviste said on Wednesday. In a statement, Leviste noted that the Philippines has some of the highest fuel prices in Asia due to government taxes on these products. He added that the solution is to remove the VAT on petroleum products and cut VAT on other goods to 10 percent. “The Philippines has one of the highest prices of fuel in Asia because of the taxes imposed by […]... Keep on reading: Fuel crisis: Cut VAT collection if gov’t cannot give aid — Leviste

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