Higher oil tax encourages smuggling
Several groups have expressed concern about the proposal of the Department of Finance to impose higher excise taxes on oil and gas products, saying this could put undue burden on ordinary Filipinos and worse, encourage more smuggling.
According to Finance Secretary Sonny Dominguez, as much as P6 per liter could be levied on diesel and other products like bunker fuel, kerosene and liquefied petroleum gas which are currently exempt from excise taxes. Meanwhile, as much as P10 increase in excise taxes for the first year is being mulled for regular gasoline, aviation fuel, leaded and unleaded premium gasoline and other oil product.
http://www.philstar.com/business/2016/09/01/1619141/higher-oil-tax-encourages-smuggling
Related Posts
Product Engineers And Designers Plagued By Counterfeit Parts
As product engineers pursue opportunities for the Internet of Things and what is...
Cops seize liquor bottles worth Rs 3 lakh.
KHAMMAM: The Khammam task force police on Monday seized liquor bottles worth`3...
Gold Of Rs 5.6 crore seized from 57 passengers at Tiruchy airport In Tamil Nadu
On Friday, investigators from the Directorate of Revenue Intelligence foiled a...
Over 66,000 imported cigarettes seized, two arrested
Delhi Police has apprehended two men for allegedly supplying smuggled...



