SB 2320

Granting the President the Power to Suspend the Imposition of Value-Added Tax on Petroleum Products

An Act Granting the President of the Philippines the Power to Lower the Rate or Suspend the Imposition of Value-Added Tax on Petroleum Products for a Limited Period of One (1) Year in Times of National Emergency or State of Calamity, Amending for the Purpose Sections 106 and 107 of the National Internal Revenue Code, as Amended