BOC Mulls Over Hike in Excise Tax on Oil

Customs Commissioner Alberto D. Lina sees a raise in excise tax slapped on petroleum products as one solution to reverse the slower growth in collections caused by cheaper oil.

In a telephone interview, Lina noted that while the Bureau of Customs (BOC) had been “doing all right” in terms of collecting import duties and taxes, the drop in global oil prices had been denting revenues.

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Source: Philippine Daily Inquirer

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