Under Section 150-B, an excise tax increase from P6 to P20 per liter of volume capacity shall be imposed, assessed, and ...

The government's move to raise the sin tax under Budget 2026 has drawn concern from industry players, who warn it could ...

The 10% hike in alcohol excise duty under Budget 2026 could fuel the growth of illicit beer and reduce government tax revenue ...

Former prime minister Thaksin Shinawatra said during a recent conference that the government should impose a high excise tax on imported electric vehicles (EVs) that use a low proportion of local ...

EXCISE TAX collections came in ahead of target in the first eight months, driven by higher volumes of tobacco and vapor products, according to the Bureau of Internal Revenue (BIR). The BIR said in an ...

ABOUT P8.58 billion is expected to be collected from the excise tax on pickups by 2028 under the newly signed Capital Markets Efficiency Promotion Act, a Department of Budget and Management (DBM) ...

The Excise Department has turned down car makers' proposed 50% tax cut, fearing prices of all vehicles in the market will decline further if the reduction is implemented, the department's chief says.

IRS 2025 update: remittance transfer providers get a break. A new 1% excise tax is coming, but early penalties for mistakes are waived. This relief gives businesses time to adjust, update systems, and ...