The implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law (RA 10963) increased the excise tax rates on all petroleum products including oil and fuel in three (3) tranches beginning January 1, 2018 to January 1, 2020.
The implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law (RA 10963) increased the excise tax rates on all petroleum products including oil and fuel in three (3) tranches beginning January 1, 2018 to January 1, 2020.