Bill Type
Congress Name
Long Title
AN ACT CLASSIFYING TRANSACTIONS INVOLVING PETROLEUM PRODUCTS AS WELL AS COAL, NATURAL GAS AND OTHER PRIMARY PRODUCTS USED IN POWER GENERATION AS SIX PERCENT (6%) VALUE-ADDED TAX (VAT) TRANSACTIONS, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 8424, AS AMENDED BY REPUBLIC ACT NO. 9337, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997, AND FOR OTHER PURPOSES
Date filed
July 31, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB04879 |
| FULL TITLE : AN ACT CLASSIFYING TRANSACTIONS INVOLVING PETROLEUM PRODUCTS AS WELL AS COAL, NATURAL GAS AND OTHER PRIMARY PRODUCTS USED IN POWER GENERATION AS SIX PERCENT (6%) VALUE-ADDED TAX (VAT) TRANSACTIONS, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 8424, AS AMENDED BY REPUBLIC ACT NO. 9337, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997, AND FOR OTHER PURPOSES |
| ABSTRACT : Proposes to lower the value added tax rate imposed on crude oil and finished fuel products, as well as coal, natural gas and other primary products used in energy generation, from 12% to 6% for a period of one year. |
| PRINCIPAL AUTHOR/S : PUENTEVELLA, MONICO O. |
| DATE FILED : 2008-07-31 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2008-08-06 |
Abstract
Proposes to lower the value added tax rate imposed on crude oil and finished fuel products, as well as coal, natural gas and other primary products used in energy generation, from 12% to 6% for a period of one year.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.