Marcos issues EO 114 suspending excise tax on LPG, kerosene

MANILA, Philippines — President Ferdinand Marcos Jr. has issued an executive order (EO) on the suspension of excise tax on liquefied petroleum gas (LPG) and kerosene. This follows Marcos’ announcement on April 13 that the excise tax on these petroleum products would be reduced as the country reels with the impact of the Middle East conflict. READ: Marcos announces suspension of excise tax on LPG, kerosene EO 114, signed on April 16 and made public on Friday, states that the suspension shall last for three months and will be subject to monthly review by the Development Budget Coordination Committee (DBCC). The […]... Keep on reading: Marcos issues EO 114 suspending excise tax on LPG, kerosene

Go to News Site