SB 1354

Senate·20th Congress·Filed Sep 8, 2025

Rationalizing the Withholding Tax Rate on Refined Petroleum Products

An Act Rationalizing the Withholding Tax Rate on Refined Petroleum Products, Amending for the Purpose Sections 57 of the National Internal Revenue Code of 1997, as Amended

In plain language

The proposal lowers the withholding tax on refined fuel sales to a maximum of 0.1% to help oil firms improve cash flow and potentially lower fuel prices for consumers.

TaxationEnergy

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Author · Senator

Bam AquinoReceipts →

Official sources

Similar in what they’d do, filed by any lawmaker.

HB 7874· Filed Feb 18, 2026
An Act Rationalizing the Withholding Tax Rate on Refined Petroleum Products, Amending for the Purpose Section 57 of the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2026-02-23Rep. Brian Poe
SB 1938· Filed Mar 9, 2026
Suspension or Reduction of Excise Taxes And/Or Value-Added Tax on Petroleum Products
Consolidated/substituted in the committee reportSen. Francis "Chiz" G. Escudero
HB 8341· Filed Mar 9, 2026
An Act Amending Section 148 of the National Internal Revenue Code (Nirc), as Amended, Allowing the Automatic Suspension of Excise Tax of Fuels
Pending with the Committee on WAYS AND MEANS since 2026-03-11Rep. Kristine Singson-Meehan
SB 1922· Filed Mar 3, 2026
Temporary Suspension or Reduction of Excise Tax on Fuel
Consolidated/substituted in the committee reportSen. Joel Villanueva
SB 2043· Filed Apr 15, 2026
Temporarily Suspending or Reducing the Imposition of Value-Added Tax (VAT) on Petroleum Products
Pending in the committeeSen. Loren B. Legarda

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SBN-1354 · Sources: BatasWatch