Excise taxes and sales taxes both generate government revenue, but they work in fundamentally different ways. Sales taxes apply broadly to most retail purchases at a uniform percentage rate, appearing ...

The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”).[1] ...

The government is currently reviewing the conditions for the proposed reduction and suspension of the excise tax on fuel products, Malacañang said on Thursday. This came after President Ferdinand R.

With the extended 990-PF filing deadline approaching for private foundations on a calendar year accounting period, foundation leaders should ensure that they have paid the 1.39% net investment income ...

Despite certifying the measure as urgent, President Ferdinand “Bongbong” Marcos Jr. said exercising the emergency power to temporarily suspend or reduce the oil excise tax is yet to be determined.

I am honored to write for Morningstar, and I hope you find my content useful. I work with advisors to help their clients avoid making technical and operational mistakes with their tax-deferred ...

Pump prices could post a significant decline should President Ferdinand “Bongbong” Marcos Jr. secure emergency powers to suspend excise taxes on fuel, but any price drop will depend on whether he opts ...

President Ferdinand R. Marcos Jr. on Wednesday said the possible suspension of excise tax on oil products would depend on global price movements amid uncertainties stemming from tensions in the Middle ...