House ways and means panel chair and Marikina City 2nd District Rep. Miro Quimbo has filed a bill seeking to allow the President to suspend or reduce the excise tax on petroleum products during ...

Opinion: Implementing excise taxes may require changes to point-of-sale systems, invoicing, and record-keeping. Tax professionals can help advise on necessary system changes to ensure taxes are ...

Excise taxes are sales taxes triggered when you spend money on a particular product, item or service. Federal gasoline taxes are an excise tax. So are state taxes on some vehicle sales, gambling or on ...

PRESIDENT Ferdinand Marcos Jr. said he will ask Congress leaders to grant him “special power” to slash excise tax on petroleum products should Dubai crude ...

Tobacco control groups reject a proposed new excise tier, warning it could make cigarettes cheaper and fuel downtrading.