The House of Representatives is set to approve a measure increasing the excise tax on diesel by P6 per liter, lawmakers said on Wednesday.
This developed after House Majority Leader Rodolfo Fariñas of Ilocos Norte announced the scheduled approval next week of the Tax Reform for Acceleration and Inclusion (Train) bill which seeks to increase fuel taxes to offset the effect of the income tax exemption for those earning P250,000 a year and below.
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