VAT on ₱4000 diesel fuel at ₱81.5/liter? ₱480
“how much is the VAT in purchasing 4000php diesel fuel at 81.5php per liter”
Summary
Buying diesel worth 4,000 PHP at 81.5 PHP per liter (≈49 L) incurs the standard 12 % VAT in the Philippines. The VAT on this purchase is 4,000 PHP × 12 % = 480 PHP.
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
- F acts igures in Congressional Policy and Budget Research Department
Table I. Excise Tax Rate on Petroleum Products, ... Volume of Removals. Table 2 shows the volume of · removals (VOR) of petroleum products in liters and · kilograms. From 2018 to 2020, total VOR of taxable · removals of products in liters (L) significantly dropped · from 9,303.7L in 2018 to 3,421.4L in 2020 or by 63.2%. Cumulative decrease of total VOR can be attributed · to decline of diesel (3,007.4L) followed by gasoline
- CMO-No.-29-2014-Revised-Computation-of-Duties-Taxes- ...
Philippine Standard Time: 18 May 2026, 19:22 PM · Organizational Chart
- 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.
- 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 Calculator Philippines - Emerhub
To add VAT to a net price (the price before VAT), you can use the following formula: ... Example: If you have a net price of PHP 1000 and the VAT rate is 12% (0.12 as a decimal), the calculation would be:
- DOF defends Marcos decision to limit suspension of fuel taxes
MANILA, Philippines — The Department of Finance (DOF) on Tuesday defended President Ferdinand Marcos Jr.’s limited suspension of fuel taxes even after being granted broader powers last month to reduce or suspend the excise and value-added tax (VAT) on petroleum products. Marcos on Monday announced the suspension of the excise only on liquefied petroleum gas (LPG) and kerosene, and not on diesel and gasoline, as recommended by the interagency Development Budget Coordination Committee (DBCC) on April 7.
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