VAT for 4000 php diesel at 82.50 php/liter is PHP 480

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 · 33.09 · 30.13 · 16.99 · 23.50 ·

peaked in April 2024 at P70.53 per liter, followed closely

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%

Kung ipapatupad ang suspensyon ng VAT, makakabawas tayo ng PHP8.43 kada litro ng diesel at PHP6.79 kada litro ng gasolina (This week, diesel is expected to reach nearly PHP85 per liter while gasoline may hit PHP74.

The official website of the Senate of the Philippines

VAT Amount: VAT Amount: The tax calculated based on the 12% VAT rate in the Philippines. This shows the extra amount due to VAT. Total Amount: After adding VAT, it’s what you pay or charge in total. When subtracting VAT, it’s the price before including VAT. 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:

With the VAT calculator, you simply enter the sum and choose whether it included VAT or excludes VAT. The VAT rate is set to the standard 12% by default. You’ll then immediately see the VAT amount and the total price including VAT.

The VAT rate in the Philippines is 12%, so you would use 1.12 in the formula.

Current rates: Diesel ₱6.00/L · Gasoline ₱10.00/L · Kerosene ₱5.00/L · LPG ₱3.00/kg. On top of excise, a 12% VAT is applied to the full pump price. Taxes typically account for ₱15–₱20 of every liter, which is why pump prices ...