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Philippines: President gains emergency powers for the suspension or reduction of excise taxes on petroleum products

Description

On 25 March 2026, the President of the Philippines signed Republic Act No. 12316, authorising the President to suspend or lower excise taxes on petroleum products. This framework measure takes effect ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

No implementation date

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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