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(File photo) MANILA - A measure suspending the collection of the increase in excise taxes on gasoline, diesel, and other oil products for three years, from 2022 to 2025 has been filed at the House of Representatives. Deputy Speaker Rufus Rodriguez filed on Thursday House Bill No. 10246, which proposes to temporarily suspend the collection of excise taxes on fuel products based on the increased rates imposed in Section 43 of Republic Act No. 10963, or the Tax Reform Acceleration and Inclusion (TRAIN) Law until the country has fully recovered from the coronavirus disease (Covid-19) pandemic. A copy of the bill was sent to the media on Friday. Rodriguez said once the suspension takes effect, the government would collect excise levies on oil products based on the old rates contained in the National Internal Revenue Code or before the TRAIN Law. Rodriguez noted that Section 43 includes a suspension provision covering the period 2018 to 2020 whenever crude oil prices exceeded USD80 per barre

Metro manilaPhilippines generalRufus rodriguezBernadette herreraNational internal revenue codeNational economicDepartment of financeDevelopment authoritySpeaker rufus rodriguezThursday house billRepublic actTax reform accelerationSpeaker bernadette herreraIle photo manilaa measure suspending the collection of increase in excise taxes on gasolineNd other oil products for three yearsRom 2022 to 2025 has been filed at the house of representatives deputy speaker rufus rodriguez on thursday bill no 10246