Expert sees no need to cut fuel taxes

By Eireene Jairee Gomez

May 28, 2022 12:21 am

THERE is no need to suspend the value-added tax (VAT) and excise to cut fuel and electricity cost, a top energy official said.

In a press briefing, Energy Undersecretary for Special Concerns Benito Ranque presented a formula that can trim the cost of fuel and electricity, without suspending the excise tax and VAT collected from its sale and consumption.

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