Rep. Quimbo doubts DOF will get P6 excise tax in diesel
Rep. Quimbo is uncertain if the Finance
Department would get their proposed P6 excise tax on diesel which is part of the
tax reform package that the agency submitted to Congress, an important part of the plan to fill the collections that would be lost due to the reduced
income tax.
“The
Finance Department is asking for the moon and stars, but they will eventually
settle for Antartica, I have a feeling something like P3 indexed to inflation,”
Quimbo said.
This means diesel prices would raise up to P34
or P35 per liter compared to the current price of P31 up to P32 per liter, but for the transportation group Pasang Masda it is still not acceptable.
Jojo Martin explained that they (drivers and operators of jeepneys) are already facing difficulties with the ongoing price hike
of petroleum products and now the new tax increase would be added on their
problems.
“Our drivers are already too unfairly treated;
they should just put the excise tax on other things like cigarettes, alcohol,
beerhouses, clubs, motels, they should put it there (the excise tax) those are
sins,” Martin added in Filipino.
But
for Quimbo instead of creating and imposing a new tax, the ways of collecting
the taxes should be improved as an alternative.
“Professionals,
lawyers, accountants, Engineers, doctors, 60% of them don’t pay a single peso
of tax, not even one peso of tax, they get away with it. Small
entrepreneurship, businessmen 70% of them don’t pay a single peso of taxes,”
Rep. Miro Quimbo said.
While it is good that some tax incentives are withdrawn on other
industries, but just don’t touch the incentives from Business Process
Outsourcing or BPO Industry.
And
he also said that an incentives program should be enforced for tourism in the
Philippines.
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