What is the VAT for 4000php diesel fuel at 81.5php per liter
“how much is the VAT for 4000php amount of diesel fuel at a price of 81.5php per liter”
Summary
The VAT rate on diesel fuel in the Philippines is 12%. Applying this rate to a total purchase amount of PHP 4,000 yields a VAT of 12 % × 4,000 = PHP 480, regardless of the per‑liter price.
Sources 60 searched
- 7. Is VAT on petroleum anti-poor?
per liter) Percent (%) of Pump · Price · Hongkong · South Korea · Singapore · Thailand · Philippines · Vietnam · Malaysia · Indonesia · 154 · 135 · 89 · 54 · 52 · 48 · 37 · 27 · 0 · 13.5 · 4.45 · 5.4 · None · 4.8 · 3.7 · 2.7 · 82.56 · 25 · 10.86 · 8.8 · 6.48 · 15.43 · 1.21 · 82.56 · 29.45 · 16.26 · 8.8 · 11.28 · 19.13 · 3.92 · 53.61 · 74.81 ·
- How much tax do we pay on a gallon of gasoline and on a gallon of diesel fuel? - Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)
Federal taxes include excises taxes of 18.3 cents per gallon on gasoline and 24.3 cents per gallon on diesel fuel, and a Leaking Underground Storage Tank fee of 0.1 cents per gallon on both fuels.
- Excise Tax on Petroleum Products in the Philippine - CPBRD
peaked in April 2024 at P70.53 per liter, followed closely
- Excise Tax on Petroleum Products in the Philippines - CPBRD
As shown in Figure 3, Philippine · gasoline prices reached an all-time high of P62.1 per liter · in October of 2021 and a record low of P50.2 per liter in · January of the same year. In January 2022, gasoline · price reached P66.6 per liter surpassing the level of oil ... Countries Inclusive of Excise Tax. As shown in Table · 3, the excise tax on gasoline and diesel constitutes 4.5%
- Gov’t sees over P40-B losses if fuel excise tax suspension expanded | Philippine News Agency
Finance Undersecretary Karlo Adriano briefs Palace reporters on the fiscal impact of suspending fuel excise taxes on Tuesday (April 14, 2026). Adriano warned that government losses could reach PHP43.6 billion in three months if the suspension ...
- DOE: New law needed to remove VAT on fuel products | Philippine News Agency
Speaking to Palace reporters, Energy Secretary Sharon Garin explained that the VAT on fuel is imposed under the National Internal Revenue Code (NIRC), a legislation passed by Congress.
- NINETEENTH CONGRESS OF THE ) REPUBLIC OF THE PHILIPPINES )
and unleaded premium gasoline and diesel fuel oil is currently set at PIO.OO and P6.00 · per liter of volume capacity, respectively. A Value Added Tax (VAT) of 12% is also
- 2.0 An Overview of Energy Pricing in the Philippines from Lessons Learned:: Fossil Fuel Subsidies and Energy Sector Reform in the Philippines on JSTOR
JSTOR is a digital library of academic journals, books, and primary sources.
- VAT vs excise: Which fuel tax cut gives more price relief? | Philstar.com
Under the 2017 Tax Reform for Acceleration and Inclusion (TRAIN) law, fuel is subject to a fixed excise tax — P10 per liter for gasoline and P6 per liter for diesel and kerosene — followed by a 12% VAT applied to the total price, including ...
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