SENATE President Pro Tempore Panfilo Lacson is calling for amendments to the country’s tax laws to allow the government to immediately suspend excise taxes on fuel, warning that the current system could delay relief for consumers amid rising global oil prices.
Lacson said a key safeguard under the Tax Reform for Acceleration and Inclusion Law, or Train Law, that allowed the suspension of fuel excise tax increases when global oil prices reached a certain threshold had already expired in 2020.
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