President Rodrigo Duterte has imposed an extra 10 percent import duty on crude oil and refined petroleum products, citing the need to raise more money for the Covid-19 response.
The pandemic had prompted the BIR to extend the deadlines for the filing and payment of income and other taxes to next month.
Sen. Pia Cayetano on Wednesday sponsored on the Senate floor a bill seeking a definite end to tax perks given to investors in the Philippines, a priority of the Duterte government.
